We at Weichert think 2015 will be the best year for real estate in a while. There are so many major economic indicators that have lined up that will compliment the housing industry.
Here are some numbers which will help you see just how favorable current market conditions are, compared to even just a few years ago.*
2015 | 2013 | 2010 | |
Gas per Gallon |
$1.99 |
$3.81 |
$2.73 |
Stock Market (Dow Jones) | 17,893 | 14,776 | 11,578 |
Avg. 30 Year fixed rate | 3.73% | 4.43% | 4.71% |
Consumer Confidence Rating | 92.6 | 76.2 | 63.4 |
Household income | $53,891 | $53,046 | $49,276 |
Unemployment Rate | 5.67% | 7.4% | 9.3% |
Foreclosures | 1.117 million | 1.369 million | 2.871 million |
* indexes subject to change