Posted To: MND NewsWire

While investment in residential real estate still looks relatively strong for 2010 compared to 2009, the results in the first quarter have been less robust than expected according to Fannie Mae's Economics and Mortgage Market Analysis for March. The research piece opens with the following statement: "Severe weather was disruptive to economic activity during the first two months of the year. If economic fundamentals have not deteriorated , the weather impact will likely fully reverse at some point, and we expect most economic indicators affected adversely by the weather to rebound in the months ahead " But the monthly report was quick to call attention to those economic fundamentals, pointing toward a much more anemic response to the extension of the housing tax credit than expected...(read more)