Five Things To Watch In Housing In 2015 May 26, 2015
Curated from: The Wall Street Journal
The housing market in 2014 put to bed the idea that the hard-hit sector might see more of a V-shaped recovery.
Sales began to slide midway through 2013 amid rising prices, thin inventories and a sudden surge in mortgage rates. The past year got off to a slow start after a brutal winter.
For the resale market, 2014 wasn’t a total bust. Through November, sales were down around 4% from the prior year, but they began to post year-over-year increases in October. The new-home market was a bigger disappointment, however, with sales volumes barely increasing over their year-earlier levels. It’s a good reminder that the recovery in the housing market is likely to be long, slow and choppy.
What does 2015 have in store? Here are five areas to watch: read more
Curated from: The Wall Street Journal0