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.
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