Home prices to rise 2013-2016

According to a survey of economists done by Zillow and Pulsenomics, we can expect to see housing prices start to increase in 2013.  The Survey, which was released this week polled over 100 economists, and covered all 9 census areas in theUS. 

 For the first time in the history of the yearly survey, the panel of economists largely agreed on the statistical outcome, which shows a yearly increase of approximately 1% per year in home value.  The end of 2012 is projected to show a .4% decrease, while 2013 will show an increase of 1.3%, the upward trend is expected to continue through 2016.  So with mortgage rates at an all time low, alongside record low hime prices, now could prove to be the best time to buy a new home for the foreseeable future.

Tags: , , , ,

Comments are closed.