Wednesday, April 22, 2015

Buying New Homes in St. Louis: Noteworthy Market Predictions for 2015

Those who are planning to sell or flip their homes for a profit are looking at a potential improvement in home sales this 2015. Are you one of them? Chief economist Brad Hunter of Metrostudy believes that the selling season of 2015 will be stronger than last year. This forecast is fueled primarily by continuing consumer confidence and job growth, with mortgage accessibility coming in as a secondary key factor. Hunter’s prediction seems to be accurate so far. The St. Louis Federal Reserve reported that existing home sales increased 4.7 percent in February 2015 compared to the same month a year earlier.