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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