Home Sales Expected to Rise in 2015

December 18, 2014

Median estimates from 25 economists and analysts found that the market will continue its recovery through 2015 with an expected rise in home sales, according to National Mortgage News.

 

New-home sales are expected to rise 16 percent and existing home sales are estimated to rise by 5 percent in the coming year. Housing starts will increase to 15 percent, topping the 1.15 million unit mark. The outlook for 2015 is based on a survey containing questions concerning consumer sentiment and income growth, easing lending standards, and historically low mortgage rates.

 

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