Fort Lauderdale Real Estate | 2014 Sales Forecast
According to Freddie Mac US Economic and Housing Market Outlook for July, home sales in Fort Lauderdale Real Estate and the rest of the US are expected to increase enough to catch up to the point where they should have been if they had remained constant. With an increase of 231,000 non-farm jobs for the first half of 2014, this has brought about more housing demands for Fort Lauderdale Real Estate and the rest of the United States.
A strong employment rate will result in an increase in the creation of new households. The formation of new households brings about a demand for rental housing, which will diminish single family home sales supply. That, in turn, will increase the demand for single family dwellings and new construction will follow in Fort Lauderdale Real Estate. Experts expect mortgage rates to to slowly rise and the Fed plans to keep interest rates low, for the time being. To see the full article by RISMEDIA, click this link.
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