Released yesterday, Fannie Mae's monthly economic outlook, which reflecting a still uncertain economic recovery overall, was definitely bullish on the housing market and its prospects for 2013. Referring to recent performance in the housing sector as a "Tailwind to Growth," the report also noted that consumer confidence is growing monthly with regards to housing. This confidence, in turn, is expected to be reflected in a rise in home prices over the coming months. Good news overall, and this provides hope as we get ready for the Spring selling season in 2013.
Read Inman's take on the report here. If you'd like to read the full Fannie Mae report, click here.