The housing market is comprised of buyers and sellers of homes. Information on the housing market encompasses the supply and demand for homes as well as the inventory level of unsold homes. In markets around the country and different nations, you will have a natural progression of demand and supply. In some markets, there are new citizens moving to the city creating demand and, unless there is enough supply to match this demand, prices will rise. Income levels and mortgage rates also play a role in determining how many transactions occur in any given housing market.
The U.S. housing market has been on a steady rise since interest rates fell to record lows coming out of the Great Recession in 2008. With interest rates and mortgage rates continuing to be relatively low, and with the jobs market producing over 200,000 new jobs monthly, the ingredients are there for continued strength in the housing market.
Two of the most watched metrics in the housing market, Housing Starts and Building Permits, continue to be fairly strong, with over one billion annualized units for each segment.
While there is some stalling, the housing market will hold steady until mortgage rates begin to move higher; this could occur in 2015, when interest rates are estimated to rise.