Freddie Mac predicts strong 2015 for the U.S. Real Estate market. The outlook put forth by one of Freddie’s top economists.
Len Kiefer, who is the Deputy Chief Economist for Freddie Mac, is predicting that the coming year will be the housing industry’s strongest since early 2007. Kiefer feels the improvement will be driven by the strengthening job prospects for millennials – those 25-34.
According to DSNews, “Last year at this time, 75.9 percent of millennials were employed; that number has increased by almost a full percentage point in a year, up to 76.8 percent, its highest level since 2008.”