Talk about a national housing market recovery is overblown. At least that’s according to a Fannie Mae report published this week that predicts the housing market’s “relative high note” in January and February is likely to “prove temporary.”
“While some optimism appears to have crept into the housing sector, it represents an increase from very low levels of activity and is at risk of declining again if rates reverse,” wrote economists at Fannie Mae in their latest report.
