In 2014 housing prices and inventory stabilized, interest rates remained low and homes for the most part sold rather quickly. One factor affecting the housing market in 2015 will be interest rates. I suspect that as long as gas prices continue to drop and the stock market remains high, interest rates will continue to remain low. In 2015 inventory may increase modestly. There will be a very small supply of affordable housing in San Diego. New home sales will stay low, because there is a lack of land for new homes. Many first time home buyers will be priced out of the market, becuase home prices are just too high. In general, I suspect that there will be a continued "modest recovery" witn an increase of 2%-4% in home values.