Expect 2015 to be the best year for home sales and new home construction since 2007 when total home sales were about 5.8 million for the year.
Improved job prospects have started to drive those aged 25-34 back to the labor force, with 76.8 percent employed as of last month, up from 75.9 percent last year.
Expect rising rents at or above inflation in 2015 to push more would-be homeowners into the market. Rents increased an average of 3.6 percent in 2014 and nearly 11 percent over the last three years.
Due to some recent upward pressure on Treasury bond yields, the 2015 forecast for the average 30-year fixed-rate mortgage was increased slightly to at 4.0 percent for the year.
Len Kiefer, Freddie’s deputy chief economist, said that the next few months will tell if the agency’s predictions pan out.
“Between now and the end of June, we'll see about 40 percent of all home sales for
the year,†he said in a news release. “Overall, we're feeling good about housing, and
we expect this year to be the best year for home sales and new home construction
since 2007.â€
In 2007, home sales totaled about 5.8 million for the year. Freddie believes about 5.6 million homes will be sold this year.
2BR/2BA 1,240sf 2nd floor Casita with a one car garage just steps away
from the front door. Adjacent to Vistoso Golf Course in Oro Valley, this unit has excellent views. This second floor plan includes a great room w/built-in media center, dining area.
The community offers heated pool/spa, BBQ grill, ramada, and exercise room. HOA covers trash, water, streets, clubhouse facilities, business office & wi-fi, exterior maintenance, pest control & insurance. Wonderful second home or vacation rental. Close to the Oro Valley Market Place, Century Theatres,and Oro Valley Hospital.
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Luxury Lodging
Rent before you buy! Vistoso Resort Casita #231 is available for rent now and can be purchased at a recently reduced price. It comes fully furnished and ready for rentals in our Property Management Program.
Weekly, monthly, seasonal luxury rentals available Mountain Vista | Real Estate Rentals 520-877-7924
