Housing & Economic Forecasts Show Rising Activity

Expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to about 5.6 million – that’s a sustainable level given the size of our population.

According to GoToby.com, home sales are expected to stay on an uptrend through 2012 and mortgage interest rates should rise gradually to 5.5 percent by the end of the year which is relatively affordable by historic standards.

Apartment rent prices are increasing, the new pricing conditions on homes are going to increase potential buyers to purchase a new home if they have been on the fence.

With the employment rate of showing a decline and the expectancy returning to the level of 6 percent around 2015, a positive trend will be a definite increase in home buying.

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