MidYear Update Where Do We Stand On 2015 Housing Predictions

Dated: 06/22/2015

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The TriCity Real Estate Show for this week: Mid Year Update - Where do we stand on 2015 Housing Outlook Predictions?

June 21, 2015

In December of 2014, Erin Carlyle, real estate staff writer for Forbes magazine published an article on “11 Housing Outlook Predictions for 2015″. According to the Forbes article, in 2015:

1. Prices will rise more slowly
2. Affordability will worsen
3. The buying frenzy will fade
4. Mortgage interest rates will rise
5. Millennials overtake Gen X as homebuyers
6. Rent increases will outpace home value growth
7. Multifamily will reign 
8. Builders shift to cheaper homes
9. Foreclosures will match pre-recession levels
10. Markets driven by fundamentals
11. The wildcard: global geopolitics

Where do we stand at this point in 2015 nationwide? What do these look like in our area? Lots of great conversation on these points on this week’s TriCity Real Estate Show! Plus, Dean Robertson, owner of East Tennessee Movers joins Wes and Tuan as their special guest to talk about paid moving services, how to plan, and what the service offers.  Homes for Heroes, market news and more! If you weren’t able to catch the broadcast this week, be sure to click on the Podcast tab to hear the show in it’s entirety.

Predictions article: http://www.forbes.com/sites/erincarlyle/2014/12/18/housing-outlook-2015-11-predictions-from-the-experts/

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Rayne Price

Holding a BS in Environmental Science, and MA in Education, real estate was not Shields Team Buyer Specialist Rayne Price's first career choice. It was only after encouragement from his wife and a cl....

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