GROW! READY, SET,


Five Housing Predictions for 2015


has had on the recovery of the housing market, first-timers will return to the market next year, according to the REALTOR.com


Following years of retrenchment among prospective first-time home buyers and the dampening effect it 2015Housing Forecast. This is among several key developments projected for the


® coming year by REALTOR.com, a leading provider of online real estate services operated by News Corp ®


subsidiary Move, Inc., in a report that includes predictions for home prices, home sales, mortgage rates, and affordability, as well as theTop 10 Markets for Housing Growth. “The residual financial effects of recession-driven job losses and subsequent unemployment have impeded


millennials’ entry into the home-owning market. In 2015, increases in employment opportunities will em- power younger buyers to return to the market and fuel the continued housing recovery,” said Jonathan Smoke, chief economist for REALTOR.com.


® “If access to credit improves, we could see substantially larger


numbers of young buyers in the market. However, given a high dependency on financial qualifications, this activity will be skewed to geographic areas with higher affordability such as the Midwest and South.”


8IGEORGIA REALTOR® JANUARY I FEBRUARY 2015


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