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A 2014 Housing Market Prediction from an Expert

Posted By Wally Reule @ Apr 1st 2014 12:36am In: Sedona Real Estate Market News

Who knows what 2014 will bring to the housing market? Nobody for sure, but here's what David Berson, former chief economist for Fannie Mae thinks. He predicts that 2014 will be the strongest year for housing since before the Great Recession. Why? Employment growth is accelerating and unemployment is declining. And there is pent up demand because people who would normally have been living on their own have not purchased homes because of concerns about the economy. Finally, he predicts that interest rates will not rise enough to stop people from buying their own homes. If you're ready to purchase real estate in Sedona, let us know how we can help.

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