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The Best Development in Housing? We Have It Right Here

by Peter Thomas Ricci

housing-market-recovery-existing-home-sales-nar-december-2014-price-range-yearly-increase-balanced-market

Creative Commons 2.5: IDuke, http://commons.wikimedia.org/wiki/File:Markham-suburbs_aerial-edit2.jpg

Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report.

No, that came in the breakdown of existing-home sales, and how those price increases differed by price point. Why would such a stat be so encouraging for housing’s future? Take a look at our infographic to find out:

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