Freddie Mac: Housing may not be where it used to be, but on the upside, Freddie Mac suggested this indicates there’s still plenty of room for the industry to grow.
“[T]he level of housing activity is still near historic lows. This means that there is still room for substantial growth in housing and housing-related industries before we return to a more normal environment,” Freddie Mac stated in its latest economic and housing outlook.
Freddie Mac is also expecting home prices to increase 3 percent in 2013 and 2014. The report gave particular attention to price trends in metros where there were substantial increases through 2006, followed by even more severe declines in home values. According to the report, it’s in many of these metros where there is much room for growth as the markets return to a more normal state.As home prices recovery, sales should also stand to benefit. Read more..
No comments:
Post a Comment