Fannie Mae Sees Light at the End of Housing Tunnel

From Real Home sales in the second quarter of 2011 were bad, according to Fannie Mae. Home prices also remain volatile, moving with gains and loses, over the past two years.However, according to a housing forecast report card released on Friday from the government-sponsored enterprise, 2012 is likely to be a different story.

Next year will likely see meaningful gains in both categories, especially in the multifamily space. Both home sales and house prices should begin to improve from the third quarter 2011, with faster growth in the final two quarters of 2012.