Stronger Economy, Solid Job Growth Expected to Boost Home Sales in 2015
Good news for Hamilton Mill homeowners. According to National Association of Realtors® Chief Economist Lawrence Yun, existing-home sales are forecasted to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices.
In the NAR-published video, Yun discusses his expectations for the U.S. economy and housing market in 2015 and points to the expanding economy, continued growth in the labor market and home prices rising at a moderate but healthy clip as his reasons for an expected increase (from 2014) in new and existing-home sales.
"Home prices have risen for the past three years cumulatively about 25 percent, which…