Housing market stabilizes
Home prices will continue to increase in 2015, but at a slower pace than they have in recent months. That's not necessarily a bad sign for the housing market. Rather, it's the beginning of a stable market, says Phil Huff, CEO of Platinum Data Solutions.
"I think this is the beginning of the new norm," he says. "I don't expect to see pressure on prices one way or another."
Nationwide, prices are expected to rise about 4.5 percent by the end of the year, according to Realtor.com. That's a reasonable increase, and it's not like the price jumps that buyers saw in the past couple of years.
Outlook on winter sales
Still, the winter may be a great time to buy and sell a home.
"Some people feel like now is not necessarily a good time to list, but we continue to see homes move because of low inventory," says Chad Royle, regional sales manager for Bank of the West in Denver.