The Law Office of Michael E. Ripley

Exceeding Expectations

Housing Recovery Has Slowed Down

According to an article in USA Today (May 12, 2014) the housing recovery has slowed significantly.  Experts estimate that existing home sales will drop by about 200,000 to 4.9 million in 2014. Economists link higher prices on homes, higher mortgage rates, and still strict lending standards, as the reason.