Chicago Agent Magazine is optimistic about housing this year and they've got three reason:
• Pending home sales are at their highest level since June of 2013 and have risen four months in a row. Add to that an increase in mortgage applications and home sales could reach the highest level since 2007.
• Mortgage rates are expected to stay low. While the Federal Reserve has discussed raising the interest rate, recent reports on employment have moderated the bank's stance.
• The Federal Reserve projects that mortgage interest rates by the end of 2015 will average a historically low 4.3 percent.
For the full story and details, head over to Chicago Agent Magazine here.
