Handsome Properties December 31, 2014
As the economy as a whole rounds a promising corner, consumer analysis groups like CoreLogic are finally able to make favorable projections of what’s to come in the 2015 housing market. Take a look at what some of their 2015 predictions include:
With the basic projection of stronger economic fundamentals comes the anticipation of and increase in demand for housing nationwide. Overall sales are projected to increase by approximately $5.8 million, up 9% from 2014.
Since inflation is low, the 30-year fixed mortgage rate is expected to rise a mere .1%, to 4.3% in 2015. The combination of employment growth and the recent drop in oil prices is significantly improving consumer confidence as a whole. The U.S. real estate market is poised for great things this year. We can’t wait to watch it unfold.
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