Existing-home sales will likely rise about 7 percent this year, as a strengthening
economy and job growth leads to a healthier market, according to the National Association of REALTORS®' 2015 housing forecast. "Home prices have risen for the past three years cumulatively about 25 percent, which boosts confidence in the market and traditionally gives current home owners the ability to use their equity buildup as a down payment towards their next home purchase," says Lawrence Yun, NAR's chief economist. Watch a video from NAR to learn more about Yun's expectations on the economy and housing market in 2015:
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