1. Home prices are expected to increase 4% to 5%. While we will see a slowing down of annual home price gains as markets continue to settle in and recover from the lows and highs of the past few years, we once again will see a stronger shift from a buyers’s market to a seller’s market.
2. There will be more New homes construction in 2015. Total home sales are expected to increase by about 5%, to the best sales pace in eight years. New home construction also adds to the employment rate, promoting a healthier economy.
3. Existing home sales will rise. Experts predict an 8% increase in existing home sales in 2015.
4. Millennials will start making their move. Studies show that this long watched demographic will make up 65% of first-time homebuyer sales, as many begin to marry and start families.