According to an Outlook Report recently released by Freddie Mac, housing markets are poised for their best year in a decade. In the latest forecast, total home sales, housing starts, and house prices will reach their highest levels since 2006. Low mortgage rates, robust job growth and a gradual increase in housing supply will help drive housing markets forward. Low levels of inventory for-sale and for-rent and declining housing affordability will be major challenges, but on balance the nation’s housing markets should sustain their momentum from 2015 into 2016 and 2017.
Read more details about this housing outlook at: http://www.freddiemac.com/finance/report/20160331_outlook_housing_will_have_its_best_year_in_a_decade.html