2014 Real Estate Market Stats and Trends

Historically low mortgage rates, a return to normal price appreciation, a decline in foreclosures/short-sales, less investors (leaving room for more first time home buyers) and an improved economy through out the year were a few major factors in why the real estate industry was able to enjoy a strong 2014. Looking ahead to 2015, the real estate market is expected to continue taking positive strides. Frank Nothaft from Freddie Mac predicts, ” The U.S. economy appears well-poised to sustain about a 3% growth rate in 2015 – only the second year in the past decade with growth at that pace or better.”

Prominent Escrow Services is here to support you in reaching your real estate goals for 2015. We have created an infographic displaying some key data from 2014 in order to gear you up for the new year. Take a glance and let us know if we can offer assistance on your next escrow closing of 2015! We love the opportunity to work with you and personalize your escrow service.