Just released by Freddie Mac, the November 2014 U.S. Economic and Housing Outlook reports a positive forecast for 2015.
The major highlights:
- We will continue to see a steady housing recovery
- Mortgage Rates WILL rise - an average of 4.6% is predicted increasing to 5% in 2015
- Housing costs will continue to increase
- Unemployment will decrease
- Consumer and business confidence are up.
Chief Economist Frank Nothaft gives a brief summary of this data below and stresses the importance of buying a home sooner rather than later.
Remember, postponing buying your home is a mistake. Rates and home prices will definitely be on the rise in 2015.
Contact Us for questions! Email or Phone 303-800-4595
Comments (0)Subscribe to CommentsComment