Go figure: Using its projection of household formation rates through 2016, Hanley Wood Market Intelligence (HWMI) predicts there’ll be a shift toward sales of more expensive homes compared with what actually sold between July 2010 and June 2012. During that period, sales of homes worth $100,000 to $150,000 accounted for 18% of total sales. In the future, HWMI says, they should represent just 6%. Likewise, HWMI believes 17% of sales between 2012 and 2106 will be for homes worth $750,000 and above. They’ve been just 3% of the action over the past two years.
