Housing sales in the United States may rise to a 2-year-maximum - forecast ....

Experts of the Freddie Mac mortgage agency claim that sales of primary and secondary housing in the United States can climb to an annual level of 5.1 million units in Q3 2009. This would become the largest quarterly increase in sales over the past two years.

In comparison to the indicators of the preceding quarter, which have amounted to 4.61 million properties, sales could increase by 11%, Bloomberg reports. This trend is reasoned by low housing prices and governmental measures aimed on supporting property buyers.

Besides that, housing sales contribute to the growth of consumer spending, which accounts for 70% of U.S. GDP. New homeowners are most likely to purchase household appliances, furniture and household utensils.

According to Freddie Mac’s chief economist, Frank Nothaft, the recent series of positive news - regarding the increase in sales volumes of primary and secondary housing and the quarterly increase in prices - suggests that the U.S. housing market has started to stabilize.