Freddie Mac’s February 2011 Economic Outlook Report says the labor market will continue to improve this year, though the pace of the jobs recovery will be slow. The report, released by the office of chief economist Frank Nothaft, says housing will be supported by record high homebuyer affordability and, despite expected increases, mortgage rates will remain low by historical standards and do nothing to dampen the opportunity for buyers. Last month’s report estimated a 10 percent increase in home sales this year. More here and here.