Economic and real estate market analysts at Fannie Mae reported Monday that the real estate market is bouncing back. The analysts also noted that oversupply is slowing the recovery.
Chief Economist for Fannie Mae, Doug Duncan reported Monday, "We estimate that June 2009 was the end of the recession, a good sign that we're moving forward, Nevertheless, significant improvements in the labor market and consumer spending will be the big hurdles as we move toward recovery in the housing market and broader economy."
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