Home Prices Possibly Returning to Normal

Fiserv Case Shiller’s most recent forecast for the housing market predicts, over the next 5 years, home prices will rise 3.3% annually. It was also stated that in 2012, for the first time since 1997, the housing market resembled the norm. Until the housing market peaked in 2006, prices grew by 5% or more a year since 1998. However, since 2006, the prices decreased a total of 30.5% until September of 2012. It is expected that by the end of 2013, prices will be on the rise in nearly every metro area, Medford, Oregon being the highest to gain with an expected 9.7%. The housing sector is predicted to make another positive impact on the economy this year.

 

Source: http://money.cnn.com/2013/03/05/real_estate/home-prices/index.html?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29

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