4 predictions for the housing market in 2015

The Nation’s Housing: Lending changes expand pool of potential buyers
Merry Christmas for short sellers: Mortgage debt forgiveness is back

4 predictions for the housing market in 2015

Chris Matthews @crobmatthews
DECEMBER 9, 2014, 11:42 AM EST

fortuneAt a recent panel discussion on the 2015 real estate market, the chairman of Standard and Poor’s Index Committee, David Blitzer, was asked to describe what the market will look like in one word. His answer? “Mysterious.”

His response tells us that, for one, the real estate market can confound even the experts. But, more importantly, it suggests that housing has reached an inflection point. With home prices in many markets at or above pre-bubble levels, we can no longer expect the “rebound effect” to power home values higher each month. Fundamentals, like population and wage growth, as well as the tastes of a new generation of home buyers, will dictate the trajectory of home prices in the new year. Here are four trends to watch for in the housing market next year:

Read more…