Over this past month, Freddie Mac made some predictions on what the housing market will look like in 2013.
Here’s what they are expecting:
- Property values should increase by 2 to 3 percent in the next year.
- Multifamily and single-family for-sale markets are projected to come down to 2002-2003 level.
- In the first half of the year, long term mortgage rates will remain low. But, in the second half of the year it will rise.
- The rental market will also remain positive.
It looks like 2013 will be a good year for the housing market.
For more information you can go:
http://www.dsnews.com/articles/state-of-housing-in-2013-according-to-freddie-mac-2012-12-10
