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.
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