What will 2015 mean for the California housing market?... “With the U.S. economy expected to grow more robustly than it has in the past five years and housing inventory continuing to improve, California housing sales and prices will see a modest upward trend in 2015,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “While the Fed will likely end its quantitative easing program by the end of this year, it has had minimal impact on interest rates, which should only inch up slightly and remain low throughout 2015. This should help moderate the decline in housing affordability we saw occur over the past two years.” car.org/newsstand/newsreleases/2014releases/859066?view=Standard
Posted on: Mon, 29 Dec 2014 18:01:54 +0000