Ricky Khamis's Blog: Economy Posts Third Quarter Gain, Housing Improves


Economy Posts Third Quarter Gain, Housing Improves

Economic activity accelerated in the third quarter after a sluggish second quarter, according to Fannie Mae’s Economic and Strategic Research Group.

Their November outlook expresses encouragement based on recent increases in consumer spending and confidence but suggest looming economic uncertainty continues to create obstacles for the pace of the recovery. Doug Duncan, Fannie Mae’s chief economist, said recent economic data has been modestly favorable and increases in consumer spending are encouraging due to their positive effect on housing.

In the third quarter,the housing market saw improvement in both new and existing home sales and prices spiked 5.0 percent from last year, the largest gain since 2006. Also, the housing market is expected to contribute to GDP growth next year, reversing the trend of the past six years. More  here.



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Ricky Khamis
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Branch Manager | Corporate Office
Arizona and California CE Instructor

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Amerifirst Financial Disclosure-  The opinions expressed here are the personal opinions of Ricky Khamis.  Content published here is not read or approved by Amerifirst Financial before it is posted and does not necessarily  represent the views and opinions of Amerifirst Financial.

Comment balloon 1 commentRicky Khamis • November 28 2012 07:46AM


It is nice to see the increases in the value of homes across the nation.

Posted by Elite Home Sales Team, A Tenacious and Skilled Real Estate Team (Elite Home Sales Team OC) over 7 years ago