By Kris Hudson | The Wall Street Journal
With the door closing on 2014, economists are starting to tout their housing forecasts for next year. Count Realtor.com chief economist Jonathan Smoke among the more conservative optimists.
Mr. Smoke, like many others, sees the housing market gaining significant upward momentum next year, but perhaps not rising as steeply as some of his peers do. His main reasons for a somewhat-rosy outlook: The gradual return of first-time buyers and an increase in home construction.
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