Next Year should Set the Broader Economy on a Brighter Path

According to U.S. Economic and Housing Market Outlook Home Values will Continue to Increase. Freddie Mac expects Home Prices Growth to be about 5 or 6 precent.

Rental Prices will also continue to rise. Freddie Mac expects Rents to rise about 5.3 percent.

Mortgage rates will reach about 5 percent for 30-year, fixed-rate mortgages by the end od 2014, according to Freddie Mac.

The overall Good News for the Housing Market translates to Good News for the Broader Economy. The rise in housing  starts should translate to 700,000 New Jobs, acording to Economists at Freddie Mac.