The home selling market is in a state of transition. For months, economists have been saying the housing market was about to change course – from a sellers’ market to a buyers’ market, and possibly from a value bubble to a bust. However, statistics and indicators do not currently point to a definitive direction to be taken by the market, according to a report issued by Freddie Mac, one of the nation’s primary buyers of existing home mortgages.
The Home Price Index for the fourth quarter of last year, released in March, showed an annual growth in home value at about 13 percent. Housing starts in January reached 2.28 million units, the highest pace since 1973. There are no signals of a cooling housing market here, the report stated. However, sales o View the rest of this article
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