LAS VEGAS – The housing market will continue its slow grind, Fannie Mae Chief Economist Doug Duncan told nearly 400 attendees at ACUMA's Annual Conference at the Bellagio Hotel.

Several economic factors have resulted in public perception that the economy is on the wrong track, which has hampered housing recovery, he said. Labor compensation hasn't increased since the recession, so despite statistics that report a recovering economy, workers aren't seeing improvement in their household budgets.

To expand credit, the key issue continues to be income growth, he added.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.