Experts Predict Where US Home Prices Are Headed
By Josh Gidcumb, Real Estate - 217-202-0571, Champaign, IL
(Keller Williams Realty)
Experts Predict Where US Home Prices Are Headed Home prices have risen in most U.S. markets this year, with most states reaching price levels not seen since the real estate boom year of 2006. How long will they continue to rise? Check out these predictions from four top housing economists: National Association of Realtors Chief Economist Lawrence Yun "We are in a multiyear housing recovery. For the next five years, we think four of those next five years will be an improving year in terms of home sales given the size of the pent-up demand, provided mortgage rates rise in a modest way." NAR’s price prediction: Home prices will rise 5 to 6 percent in 2014 and 4 and 5 percent in 2015. CoreLogic CEO Anand Nallathambi "Most states are reaching price levels not seen since the boom year of 20...