Freddie Mac economists are bullish on housing: "This month kicks off
spring home buying season,"
says economist at Freddie Mac. "Between now
and the end of June, we’ll see about 40 percent of all home sales for
the year." It’s
that optimism that has Freddie Mac forecasters expecting 2015 "to be
the best year for home sales and new home construction since 2007,
when total home sales were about 5.8 million for the year," according
to their U.S. Economic and Housing Market Outlook for March. Freddie Mac economists predict that rents will continue to rise at or above inflation this year. Meanwhile, Freddie Mac economists expect that the 30-year fixed-rate mortgage to rise this year, read more.
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