What’s in store for housing and the economy – a look ahead
The National Association of Realtors® posted on May 14th a slideshow on Economic and Market issues and outlook. The slides show home price trends increasing, and seasonal differences in pending and home sales; as well as projections of home sales into 2016. Graphs also depict declining affordability; as well as regional differences (Northeast trend is not promising). Projections of existing homes sales for 2015 and 2016 are very optimistic; and time will tell if those projections hold true.