5 Predictions for Housing in 2015

By Jann Swanson

Posted To: MND NewsWire

Realtor.com® is offering five predictions for the coming New Year. Three bode well for the housing market and none are new. Most in fact could be dubbed the perennial predictions of the recovery. They are never really wrong but end of the year reality never fully validates, only marks progress toward them. Starting with one of the negative forecasts and perhaps the one most often wrong, writer Cicely Wedgeworth says: 1. Mortgage Rates Will Head Back Up Of course the experts said that in 2013 and 2014 as well, especially 2014, but still we sit, above record lows but blessing our refinanced mortgages and cursing our money markets. Wedgeworth says that the improving economy will inevitably mean “the honeymoon is over” and we can expect a new paradigm that will balance job growth with higher…(read more)

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