As Hard Money Broker and business owner this good article to share, mostly highlighting the last bullet points:
Looking ahead, the latest Burns report predicts:
§U.S. home prices will rise another 15 percent from 2014 through 2017.
§Home prices will reach “normal affordability levels” in 2015 and then become unaffordable.
§Interest rates on 30-year, fixed-rate home loans will reach 4.5 percent in 2014, 5 percent in 2015, 5.5 percent in 2016, and 6 percent in 2017.