Positive predictions for the nation's housing market is on the horizon for 2015. Trends and predictions that Orlando REALTORS expect to see in 2015 are outline below.
Mortgage rates will increase. The economy is improving, the Federal Reserve has indicated that it will be increasing the federal funds rate in 2015. This rate will impact the mortgage rates which have been at historic lows for the past four years.
As the economy continues to make gains and the job market improves, millennials will enter the real estate market. Millennials are ages ranging from 25-34 who will begin to form households.
In the Orlando, FL market, our local market, we expect to remain strong in 2015. The home prices are very affordable, and inventory is vast our market is expected to see healthy levels of growth.
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