In their March 2015 US Economic and Housing Market Outlook, Freddie Mac expressed strong optimism that the 2015 spring home buying season would be the best it has been since 2007. Freddie Mac’s Deputy Chief Economist, Len Keifer, stated, “Between now and the end of June, we’ll see about 40 percent of all home sales for the year. So these next few months will essentially tell us whether or not 2015 will be a good or bad year for housing markets. Overall, we’re feeling good about housing and we expect this year to be the best year for home sales and new home construction since 2007 when we saw total home sales about 5.8 million for the year.”
Some of the highlights in Freddie Mac’s US Economic and Housing Market Outlook touched on key economic conditions they believe will drive home sales, such as better job prospects bringing younger potential homebuyers into the labor force; improved overall employment percentages compared to last year; and the continued climb in rising rents that could impel “more would-be homeowners into the market.” Learn more at http://mwne.ws/1b8bP0R.