Triangle Business Today

Global worries slow Triangle home sales

Posted July 21, 2011 7:48 p.m. EDT

Freddie Mac's July housing and economic outlook report indicates that it doesn’t believe housing will experience a double-dip, and thinks that the market "will likely follow the performance of the overall economy for the remainder of 2011” – indicating that it believes home sales will rise by three to five percent above the pace of last year.

Interesting forecast for certain, we’ll have to see how much the global slowdown weighs on the domestic market for the remainder of 2011.

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.