Freddie Mac Paints Beautiful Picture for Chicago Real Estate this Spring

April 07, 2013

Chicago real estate to bloom in springThe latest market analysis and predictions for housing from the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, show that 2013 will be the strongest real estate market since the glory days of 2007.

While the sequestration is a concern, Freddie Mac doesn’t believe it will be enough to stop the coming spring and summer from being the strongest in six years. Factors like recent stock market highs, declines in unemployment and a slowly-rising housing market are cited as reasons that will continue to raise housing into success in 2013. The full report shows detailed expectations like:

  • A 10 percent rise in home sales in 2013 over 2012
  • 22 percent increase in housing starts in 2013, up to a total of 950,000
  • A full 3.5 percent economic growth in 2013

If these are to be come true, 2013 will be great news all around, and have an especially powerful impact on the spring market for Chicago real estate. But, with numbers this confident, Freddie Mac may have even outdone themselves.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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