Freddie Mac released its July 2011 economic outlook yesterday where it projected that the U.S. housing market will perform similarly to the overall U.S. economy for the rest of 2011, with home sales above 2010’s pace by 3% to 5%.

The GSE's economists believe that despite the current economic “soft patch”, a “double dip” in home sales and apartment rental markets is unlikely. They expect single-family home sales to increase in 2011.    

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