Freddie Mac presented their forecasts of the economy and housing market for 2015 in their November 2014 US Economic & Housing Market Outlook. The report touched on the highs and lows predicted for the new year, including interest rates, home price appreciation and affordability, home sales and starts, single-family originations and rental demand.
Based on macroeconomic indicators, Freddie Mac was optimistic the economy would have a 3% growth rate in 2015. While the dollar is likely to strengthen and interest rates are anticipated to rise, Freddie Mac stated they expect strong job and income growth to “offset the negative effect of higher interest rates and translate into gains for the nation’s housing market.”
To read the full report, visit http://bit.ly/1yklHdD.