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Housing Market to Benefit from Economic Growth in 2015: Fannie Mae

National Mortgage News, By Jacob Passy

With economic growth expected to continue improving, 2015 should looks promising for the housing market, according to Fannie Mae’s economic and strategic research group.

Home sales are expected to grow by around 6% in 2015, the Fannie Mae team forecasted in a press release Thursday. Economic growth is currently forecast to increase to 2.9% in 2015, up from 2.5% the year prior, as an improving job market and lower gasoline prices to help nudge consumer spending upward throughout the upcoming year.

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