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2015 Could be Best Year for Home Sales Since 2007 - Freddie Mac

Thursday, March 12, 2015

Freddie Mac's economists restated their February forecast in their Economic and Housing Outlook just released for March, that 2015 could be the best year for home sales and new home construction since 2007.  That year there were 5.8 million sales - this year the economist forecast 5.6 million sales along with 1.18 million housing starts. 

Len Kiefer, Deputy Chief Economist said, "This month kicks off the spring homebuying season. 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."  There are, the report says, several reasons to be optimistic.

 

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