January 16th, 2014 11:00 AM by Frank Ferrell
Last month the number of consumers planning to purchase a home increased to 6.9%, up from 5% one month earlier according to Fannie Mae economists' National Housing Survey. With consumer attitudes strengthening, these economists predict an increase in consumer and business spending to boost economic growth, continuing our housing recovery in 2014.As for Orlando and Winter Park FL, housing demand remains strong and is expected to continue as home inventory increases, and less sellers are 'under water' with their mortgages. Interest rates remain low, new construction opportunities are growing. Short sales and foreclosure closings are decreasing while, traditional sale closings are increasing. It's a great time to buy real estate.