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For those who already have a mortgage with a low interest rate, it is good news that the economy continues its recovery, although the strides in value and rising interest rates expected to mark the coming year may prevent some from considering a home purchase according to Realtor.com.  However, single family home sales are expected to increase and millennials to create a majority of new households, frequently considered a precursor to home buying.  Other positive trends expected in 2015 have to do with unemployment, housing starts and foreclosures.  Closing Attorney Rick Dunn provides this article for further illustration:  http://realtormag.realtor.org/daily-news/2014/12/05/2015-year-first-time-home-buyer

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