The good news is there are more reasons for optimism than worry. The bad news is that I keep reading about interest rates increasing by the end of 2015. True, it's all about perspective. Today's rates are at historic lows and even a single percent higher still keeps rates extremely, historically, low. But some buyers, who are maxed out affordability wise, will feel the pinch and possibly qualify for less of a loan amount. Read NPR's article on Housing in 2015 here.