Analysts Skeptical About Housing Being Ready for Spring Buying Season

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Price gains are lagging in most of the country

January 28, 2015
Home Price gains are lagging in most of the country

Prospects for a home run in 2015 aren’t good, says Chairman of the Index Committee at S&P Dow Jones Indices David Blitzer.

This is because strong price gains are limited to only certain markets: California, Florida, the Pacific Northwest, Denver, and Dallas, HousingWire reports. “Most of the rest of the country is lagging the national index gains,” Blitzer adds. These price patterns have been in place since last spring, and existing home sales were lower in 2014 than 2013.

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