Following a two-year recovery in the housing market, the National Association of Realtors’ chief economist expects sales to level off.
"Right now there are two opposing forces; higher mortgage rate anticipation, which is always a negative, and more job creation, which is a positive." said Lawrence Yun, "So, I think it will be a more neutral year in terms of home sales."
Yun spoke to members of the St. Louis Association of Realtors Thursday morning. His key points for this market: