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Housing Prices Could Rise 12.4 Percent by 2014
Posted on May 19th, 2010
MacroMarkets LLC announced that, according to its new monthly survey, the onset of price recovery in U.S. single family real estate is widely expected by 2011, and home prices will increase by more than 12.4% between 2010 and the end of 2014. The survey also revealed that home prices nationwide are expected to have risen 4.9% in the 12- month period ended March 2010, but fallen 0.4% during the most recent quarterly period measured. These conclusions reflect an average of the 92 responses received during the first half of this month from an expert panel of more than one hundred economists, housing analysts, investment and market strategists.
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Had I been on the panel I would have supported the prediction for similar recovery - at least in our area.
on May 20, 2010 at 2:04 pm
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