Home Sales: Just Enough To Keep Housing Recovery Hopes Alive?

Meanwhile, sales in the South and West dropped 0.6 percent and 2.9 percent, respectively. The National Association of Realtors expects total existing-home sales this year to total around 4.9 million units, which is slightly below the nearly 5.1 million recorded last year. They are expected to reach almost 5.3 million in 2015. Housing starts are projected to rise almost 19 percent in 2014 and reach about 1.1 million, closer to the underlying demand of 1.5 million. Meanwhile, the national median existing-home price is expected to rise at a more reasonable range of 5 to 6 percent in 2014 and grow another 4 to 5 percent in 2015.

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