Home Sales to Flourish in 2015

  • March 19, 2015

March marks the official beginning of the homebuying season. And according to Freddie Mac, 2015 could be the best year for home sales since 2007.
 
Many factors could potentially drive up home sales this year thereby giving the economy and housing market a much-needed boost. First, the government has worked on making homeownership more affordable by offering better loan programs, lower down payments, and more helpful options.
 
Secondly, the nation is finally experiencing an improvement in the labor market. Unemployment rates are down and confidence in job growth has increased. Now more than ever, millennials feel stable in their job and career opportunities moving forward.
 
Finally, with rent prices not appearing to budge any time soon, many potential buyers are feeling the push to get out of the renting market. Now that there are more loan programs available, we could see a rush on the purchase market, particularly for first time homebuyers. Rates are still relatively low and home prices are affordable. Many potential buyers will likely take advantage of both of these factors as well as low down payment options and become homeowners.
 
With all of these factors, 2015 could shape up to be an interesting and busy year for the housing market. So if you have been considering buying or selling a home this year, reach out to your trusted housing or mortgage professional today.

Latest Tweets

© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).