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While the housing market continues to recover, the Wall Street Journal offered five things to look for this year.
Real estate agents point at the hot spring selling season that bled into summer as the main cause of price gains
The volume of sales can be hurt if interest rates and prices rise, which slows the need for more new-home construction
Urban areas such as Detroit and Cleveland are suffering the most.
A 0.7 percent increase in median home prices in 146 metropolitan areas in April brought them to their highest point in almost a year, according to a report from the National Association of Realtors.
Today’s home prices are not far off their previous peak in April 2007 – immediately before the housing bust.
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