Fannie Mae economists forecast modest recession beginning in 2Q

A group of Fannie Mae economists have forecasted, based on economic data, housing sales forecasts and the faltering banking system, that the U.S. will likely see a modest recession commencing sometime in the second quarter. As uncertainty looms, real estate companies are smart to implement a conservative, focused financial approach as the second quarter begins. For those with clear strategies, opportunities will emerge to grow and take market share.