5 Housing Market Predictions for 2015
Published by: The REALTOR.com, Written by: Cicely Wedgeworth, December 4, 2014
A new year is about to dawn—and the outlook on the housing market is definitely brighter. After all, 2014 was the best year in the U.S. economic recovery since the recession of 2008-2009.
With an accelerating economic recovery fueling job and income growth, prospects are good for homeowners and would-be home buyers.
1. Mortgage Rate Will Head Back Up
2. Millenial Will Set Up House
3. Builders Will Break New Ground
4. Credit Will Continue to Be A Major Factor
5. We’ll Close Out the Foreclosure Crisis
But while these trends will be apparent nationwide, housing is still a local issue.
“The situation differs in every market, even every neighborhood,” Smoke added. “Each has its own unique, long-term trends in home values, which reflects local demand and supply conditions.”
And the situation is different for each individual home. Setting and negotiating a home price requires complex analysis, which is why most people prefer to work with an experienced REALTOR®.
5 Housing Market Predictions for 2015
For the full article and a detailed breakdown… Visit “REALTOR.com” http://www.realtor.com/news/5-housing-market-predictions-2015
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