What 2015 Might Look Like

Freddie Mac released its U.S. Economic and Housing Market Outlook for November.  Let's see what 2015 has in store for us! 1. Mortgage Rates: Interest rates will likely be on the rise next year, up to 5 percent by the end of the year. 2- Home Prices: After a slowing in 2014 from 2013, it is expected that appreciation will drop further to an average of 3 percent in 2015. 3- Housing Starts: New home building is expected to rise by 20% from this year. 4- Single family loans: Mortgage loans for single family homes will likely drop by 8%, attributed to slowing of refinancing. 5- Multi-family loans: Loans for multi-family properties are expected to rise 14% in 2015. Read the article for more information at:  Freddie Mac Real estate predictions for 2015.