The dollar volume of home sales will rise modestly next year, but that growth will stem entirely from increased home prices,
Continuing tight underwriting by lenders, low inventories in many markets, and rising interest rates are holding back growth in sales volume, said Yun, leading him to predict home sales of about 5.12 million for 2014, virtually the same level forecast for 2013. But home prices will rise by 6 percent.
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