Experts believe that 2015 will prove to be a year of growth for the housing market. According to recent data released by Moody’s Investors Services, inventory will increase as well as housing starts, home sales, and prices. They do, however, caution that the beginning of the year may start slow. Moody’s analysts said “we expect total housing starts in 2015 of 1 million – 1.2 million, up from 975,000 – 1 million for 2014, and new home sales will climb to about 500,000 – 525,000, up from about 450,000 for 2014. Prices will increase at a more modest rate than in 2014, but affordability will remain strong by historical standards, enticing buyers.” More here
