NAR forecasts higher growth, lower affordability

In “Economy Heats Up,” the 2014 forecast from NAR published in REALTOR® magazine, the association sees solid growth in the national housing economy.

Three notable predictions for the next two years:

  • A half-percent increase in sales in 2014 (over 2013), but a 5.0 percent increase in 2015 — to 5.4 million homes nationwide.
  • A 21 percent increase in new-home sales in 2014, and more than a 30 percent increase in 2015.
  • An average 30-year mortgage rate of 5.1 percent in 2014, and 5.8 percent in 2015

Read more starting on page 12 of the latest issue of REALTOR® magazine.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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