Number of Move-Up Buyers Steadily Increasing
Real estate data analysis company Clear Capital says 2015 could be a “banner year for lower and mid-tier housing,” HousingWire reports.
"We continue to observe the growing price performance gap between the top and bottom segments of the market," Alex Villacorta, vice president of research and analytics at Clear Capital, tells HousingWire. "The rate of appreciation for top tier homes is stalling, which is a more direct reflection of waning fair market demand.”
Though this is a concerning development, HousingWire Senior Financial Reporter Trey Garrison argues that the moderating upper tier may give traditional buyers a moment to catch their breath, and entice move-up buyers to enter this segment of the market.
Home price is forecasted to be strongest for lower-tier homes as well as markets in the Midwest.
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