Trulia Makes Housing Predictions for 2014
Trends suggest that the housing market, although not completely back to normal, is at least heading in the right direction. The real estate listing and research site, Trulia, says that sales and prices have almost reached normal levels, the number of overall foreclosures has decreased and the number of people who are behind on their mortgages is down. Mortgage rates are expected to rise above 5 percent in 2014 for the first time since 2010 and mortgages will become easier to obtain. In addition, the housing inventory should become more stable, as well as less affordable, as prices rise.
SOURCE: CBS News