Tag Archives: Freddie Mac predicts healthiest housing spring since 2007

Continued low mortgage rates, increased house prices and improving consumer confidence are all factors contributing to increased home sales heading into the spring homebuying season, according to Freddie Mac’s March economic and housing outlook. Compared to 2012, Freddie Mac expects home sales to increase 8% to 10% in 2013. Housing starts are anticipated to increase to 950,000 units for 2013 compared to 780,000 in 2012. Last year, real estate added $1.5 trillion to balance sheets, while increasing outstanding residential mortgage debt by 0.1% in the fourth quarter of 2012. This […]