What’s Ahead for Housing in 2015?

Although we won’t know until the end of the year if these predictions are true, here’s what the experts predict for 2015.

Prices will increase.

Existing home prices will increase 3% in 2015 and 2% in 2016. Source: Bloomberg Businessweek, July 1, 2014

interestratesMortgage rates may increase.

30-year fixed mortgage interest rates are expected to increase in 2015, but don’t worry; they’ll still be considered low. Source: NAR, May 15, 2014

Homes will be flying off the market.

Home sales in 2015 are expected to reach their highest level in two years. Source: Fannie Mae, National Housing Survey Monthly Indicators, August 2014

New homes are being built.

Housing construction will reach 1.4 million in 2015, an uptick from past years and closer to the average number needed to balance the market. Source: NAR, May 15, 2014

Remember, it is always toasty in Naples and you deserve your piece of Naples sunshine!

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