Where is the Housing Market Heading?
Freddie Mac has released its latest Outlook, breaking down the state of the housing market in April 2018 and examining where things are likely to head over the next few years. The Outlook forecasts continual gradual growth through Q4 2019, so long as construction continues to ramp up to help offset current constraints on available housing inventory.
Freddie’s Outlook predicts that mortgage rates will wind up averaging 4.9 percent in Q4 2018 and 5.4 percent in Q4 2019, respectively. Freddie’s Outlook bases these predictions on the assumption that housing supply will continue to increase, whereas demand will cool slightly as mortgage rates rise. The Outlook also anticipates that the Fed will continue raising rates in order to combat inflation.
Read Full Article [Source: www.dsnews.com]
