Typically, economic forecasts rely on a mix of current and historical data. If you understand where things are today and what’s happened in the past, you can make an educated guess about what the future might look like. This becomes harder, though, when there aren’t obvious historical precedents to use for comparison.
Despite this, Freddie Mac’s most recent quarterly forecast attempts to predict how well the housing market will endure the economic impact of the coronavirus. So, what do they see? According to Sam Khater, Freddie Mac’s chief economist, we may begin to see a rebound during the second half of the year.
Specifically, Freddie Mac sees home sales and price increases slowing this year before rebounding in 2021.
Source: National Association of REALTORS
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