Thanks to the recovering rental sector in the nation’s housing market, a “double dip” is unlikely to occur, according to a recent Freddie Mac report.

So, not only will renting continue to stay strong throughout the rest of the year, the Freddie Mac report projects that homes sales will also be anywhere between 3 percent to 5 percent more than those of 2010.

While this all sounds like good news, consumers still aren’t confident about their financial future, with many choosing not to purchase a home even though home prices and mortgage rates are low.

You can view Freddie Mac’s entire report here.

Renters Save The Day

by Banker & Tradesman time to read: <1 min
0