Could you live in a house the size of perhaps a garden shed or a 1-car garage? Well, tiny houses seem to be a growing trend in America. From college grads to retirees, Americans are downsizing and trading space for simplicity. Tiny houses are often paid in full at the time of sale and have the flexibility of being moved from one site to another. No mortgage payments, no permanent address, fewer house chores--it's lifestyle change that can work well for just right type of individuals.
The government sponsored enterprise Freddie Mac has predicted in 2015 that U.S. home sales will be at the highest level since 2007. Freddie looked at five key factors in 2014 - home sales, mortgage originations, home values, rental market and mortgage rates, then predicted how it would affect housing and the economy next year.
The recent drop in oil prices, current economic growth was also factored into their prediction. Here is the link to the full article.