- Home prices projected to grow 3.7 percent between Q3 2013 and Q3 2014
- Home prices in nearly all metro areas on track to increase in 2013
- Trends point to a return to a normal housing market, with prices projected to grow 3.3 percent per year over the next five years
2012 Was the first year since 1997 that we saw Real Estate sale trends resemble anything near normal. Construction still remains at an all time low, Foreclosure inventory is still available but you will see an increase in the value of those as well as Investors are stocking up on them. Housing will once again prove to be a positive affect on the Economics of the USA.
Shiller cautions that foreclosure inventory can affect the housing price market however home prices and home mortgage rates are remaining under affordability.
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