Michael Petruccelli asks: What are some major things to know about the 2014 housing market? (5)

Michael Petruccelli says:  Reflecting the slow pace of household formations, there is an increasing pent-up demand for households. After all, most of these young adults would prefer the freedom of being on their own (and their parents really don’t want them as full-time residents, either). We estimate the economy is short by more than three million households.