Fannie Mae's Economic Forecast- Marina District San Diego Condos For Sale

Fannie Mae's Economic and Mortgage Market Analysis Group recently released a statement that will not be received well across the country, in California, San Diego, or in the Marina District San Diego. While the economy has experienced a slight, slight growth in the last couple of years or so, there are signs that it could fall back into a severe recession once again. If and when it does sales of condos, highrises, homes in San Diego will ultimately be affected again. Europe, Asia and the Middle East will be prime movers and shakers in the state of the economy in the next year. Financial turmoil in Greece and other nations in Europe, a surprisingly slow economic growth in China, and the continued unrest over oil issues increasing a barrel's price all mean bad news for us. Unemployment should stay above 9% throughout 2012, another bad sign. The housing market is the leading indicator of the economy many times. When consumers hear these news bits, they fear buying property and look to stay renting, at least in the short term, and despite the record low interest rates- surveys show that 26% of Americans fear losing their jobs, and who can take the chance of making a huge purchase like a home with that fear? Admittedly, if there are consumers who can take advantage of this economy, who have job stability or excess purchasing power, this is the time to take advantage, unfortunately, when others are down. For information, click on Marina District San Diego Condos For Sale