Freddie Mac Issues Bright 2014 Housing Forecast

Home Sales and Job Growth

Strong home sales in 2014 are dependent on job growth, according to a new report from Freddie Mac, and that’s good news for the Bay Area’s housing market. Pacific Union explains why that's great news for Bay Area real estate:

The local economy has roared back to life over the past year, with unemployment levels below the national average and technology companies bringing thousands of new jobs to the region.

“In order to have solid home sales in 2014 we need to see continued improvement in the labor market,” Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.

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