RealtyTrac talks with several housing experts, learning that though there are concerns about the market’s slow recovery, 2015 won’t be “a disaster by any means.”
Executive Vice President at Auction.com Rick Sharga believes this coming year will be one of slow, incremental growth for the market. The biggest roadblock is the lack of inventory.
“Existing home inventory is lower than it should be right now because millions of homeowners are either underwater on their mortgages, or don’t have enough equity to sell their home and move up to a new property,” he told RealtyTrac.
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