Home Prices and Demand to Increase Through 2015

Mortgage rates, home prices, and demand for houses will continue to trend upward for the rest of the year, according to Forbes’ mid-year housing forecast.

The report cites industry experts who expect housing inventory will remain too low to satisfy the demand from buyers and that homebuilders will continue to focus on luxury homes over affordable product. Prices, which rose 5.8% in 2014, could increase by another 5.5% in 2015.

The report also predicts many owners of existing homes will hold onto assets they would prefer to sell, because they are unable to achieve a profit.

Read more at Forbes