Uncategorized January 13, 2016

2016 Economic & Housing Forcast

Check out Windermere's latest blog post and see Matthew Gardner, Chief Economist 2016 Economic & Housing Forcast.  

"The U.S. will continue to expand with real GDP growth of 2.3% in 2016.

Although a positive number, the forecasted rate of growth suggests that we will be modestly underperforming in 2016.  On a positive note, oil prices are likely to remain well below long-term averages, which puts more money into consumers’ pockets in terms of disposable incomes.  However, I believe that consumers are likely to continue to save rather than spend which will constrain growth.  That said, there is certainly no recession on the horizon – at least not yet – and a strong dollar will act as a bit of an anchor."   Click here for the full article.