Home Sales Projection

From the February NAHB (National Association of Home Builders):  Of special note is that they “expect overall home sales to rise about 5 percent in 2014 relative to last year, with about a 3 percent rise in existing home sales coupled with a 30 percent jump in new home sales.” They also expect that the elevated rate of cash sales – about 30 percent of home purchases will decline with more new homes sales and a larger share of existing home sales financed with a mortgage in 2014.