Slowdown In Home Sales Projected for 2015
By S.E. Slack
Have you sold your house yet? If not, you may have missed your shot. Real estate firm Zillow states the economic forces driving existing home sales are in flux. And that could mean a serious slowdown in home sales through 2015.
According to Aaron Terrazas, economic research analyst for Zillow, the Federal Reserve has embarked on a measured retreat from its financial policies of recent years.
“Interest rates have (now) climbed from their historic lows,” says Terrazas. “These decisions were made in response to the expectation that economic growth and inflation are poised to strengthen in the near-term – contributing to higher wage growth, faster household formation and eventually to higher homeownership rates.”
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