If projections hold out, home values will rise 22 percent cumulatively by the end of 2017, according to Zillow’sfirst-quarter Home Price Expectations Survey.
“The panel expectations are consistent with continued strong home value growth this year fueled by tighter-than-normal inventory of for-sale homes and robust demand attributable to high affordability and a stronger general economy,” he added.
The most optimistic quartile of panelists predicted a 6.1 percent increase in home values this year, on average, while the most pessimistic predicted an average increase of 3 percent. Expectations for cumulative growth projections ranged from 34.2 percent among the most optimistic panelists to 11.7 percent among the most pessimistic, on average.
Read more... http://www.dsnews.com/articles/industry-experts-predict-price-growth-into-2017-2013-03-18
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