Housing Market Slowly Recovering

Freddie Mac has brought us a bit of good news recently. According to their U.S. Economic and Housing Market Outlook for March, the housing market appears to be recovering from its depression. The report stated that a stronger economic growth this year will help to reduce the nation's unemployment rate below 8.3%. This also means that home sales will increase, and 30-year fixed-rate mortgages will average around 4.5% through the rest of the year. There is also the hope that home values will be stabilizing around the country.

Posted in: economic recovery,freddie mac,housing market,march,U.S. Economic and Housing Market Outlook