Home sales reach 8-year highs but what comes next?

Julie C. Nichols General

Gradually rising rates shouldn’t dampen market

Reblogged from: Housingwire – Trey Garrison

Housing activity has strengthened in recent months, as gains in both new and existing home sales in May pushed total sales up to their highest level in eight years.

Analysts say a combination of job creation growth and an overdue upturn in mortgage lending, along with high levels of consumer confidence should ensure that this strength continues.

But for how long, and what could change it? What’s it mean for the rest of 2015?

>> Read More: http://www.housingwire.com/articles/34435-home-sales-reach-8-year-highs-but-what-comes-next

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