"Normal" Housing Market may not be what it used to be!

I was reading today that Fannie Mae has looked into their crystal ball.  They note that we have the following positive trends:

• Washington seems to be slowly getting their act together. (That is writing fewer checks)

• The Fed is likely to continue to support the economy.

• They expect mortgage rates to remain relatively low over the next few years "rising to no more than 4.2% by the end of 2014.

• They expect growth of about 2% per year.

• Foreclosures are declining.

• Housing starts should rise 23% in 2013

All this doesn't spell boom time, but in my opinion it is a positive environment to buy a home.  Call us if we can help at (615) 777-4663.