It wasn’t a good year for Freddie Mac and one could rightfully challenge its accounting methods based on the problems it has encountered in the last year but the Office of the Chief Economist at Freddie Mac released its 2009 Economic and Housing Market Outlook recently and their forecasts deserve a look.
While the outlook calls for the U.S. to officially pull out of the recession in the third quarter of 2009, it also predicts unemployment to continue to rise peaking at 8.7% in the fourth quarter and remaining above current levels through 2010.
