Economists are sounding more upbeat toward the housing market this year.® has revised its 2019 housing forecast, reflecting optimism for a much stronger market. Lower mortgage rates are mostly behind the shifts in attitude.® economists are projecting mortgage rates to average 4.5 percent by the end of the year—nearly a percentage point lower than they originally forecasted. The lower mortgage rates are increasing buyers’ purchasing power, despite a continued uptick in home prices.

Full Article here: Latest Housing Forecast Paints a Rosier Picture

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