Millennial force. “According to some forecasts, Millennials are expected to drive two-thirds of household formations over the next five years.”
New-home sales rebound. “Sales of new homes are expected to rise 25 percent as single-family construction picks up traction in 2015.”
Drop in oil prices will boost housing. “So while the drop in oil prices typically has been linked to a reduction in driving-related expenses, it clearly also reduced energy-related expenses for residential real estate.”
Stronger economy leads to greater confidence.
“A stronger economy will likely lead to more demand for housing in 2015.”