Forecast for Housing and the Economy Suggests Gradual Improvement through 2015

WASHINGTON (May 15, 2014) – Housing activity was sub-par in the first quarter of this year, dampened in part by severe weather patterns, but an uptrend is expected with healthy underlying demand over the balance of the year and through 2015, according to presentations at a residential real estate forum here during the Realtor® Party Convention & Trade Expo.

Lawrence Yun, NAR chief economist, said the U.S. population has been growing steadily, but job creation has not. “When you… Read More