Judging any real estate market can be difficult but here is what some local people are predicting for the Philadelphia area real estate market in 2015.
On the House: Brave predictions for real estate in 2015 -
Jed Kolko at Trulia - Consumers...are upbeat and they think 2015 will be a better year than 2014 to buy, to rent, and especially to sell"
Reading tea leaves: CBRE makes commercial real estate forecasts for next year
The overall theme was positive as the recovery continues to strengthen. That's not to say there weren't some worrisome trends....Robert Fahey noted, Center City to continue to be viewed positively by outside buyers and pricing on well located, long-term stabilized properties to swell and receive the most investor attention.
Mortgage rates not key to home-buying, experts say
A slow rise in rates could stimulate buyers to act, said S. Clark Kendus of Weichert Realtors, in Media, noting, "As they see their prospective housing costs rising, it could motivate them to take action."
