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2012-01-19 11:23:50
Home Sales Up for 2012

Home Sales Up for 2012
The Future is looking Bright!


The year looks promising for Real Estate mortgages, as it looks like they are gaining momentum.  According to Fannie Mae reports, there will be home sale increases from 2011 of 3.5% to about  4.74 million for 2012. A jump of 10.4% for home sales in 2012.  Predictions of another 5% gain in 2013 to nearly 5 million. 

Mortgage purchases will rise to $471 billion in 2012 from a estimated 2011 total of $464, according to the report.

Total outstanding single-family mortgage debt will presumably drop 1.3% to 10.14 trillion in 2012.

Fannie Mae Researchers predicted as a whole the US economy GDP would increase 3.3% in the fourth quarter and close the year at 1.7% growth.  Economists forecast GDP growth for 2012 and 2013 at 2.3%

If the predictions serve us right, a brighter future for the
Real Estate

Market is right around the corner!


LINDA SECRIST - LINDA SECRIST & ASSOCIATES - EVERYTHING THEY TOUCH TURNS TO SOLD!

 


 


 



 
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