Why the housing market may bounce back
May 23, 2014 at 11:36 AM EDT
She chose her words carefully, but in her own way Federal Reserve Chairwoman Janet Yellen recently rang an alarm about the housing market. First-quarter results were, in fact, weak enough that they are likely to pull 2014’s sales tally below last year’s total. But purchases could pick up from a tough winter and in 2015 as the broader economy strengthens.