Thursday, January 03, 2013

2013 Predictions (1)

The Real Estate Market is expected to see a major upswing this year to a greater degree than it has in the last 6 to 8 years.  Leading the boom is the return of home price appreciation.

Most experts agree that home values hit bottom sometime in early 2012. Zillow Home Value Forecast shows that 67 of the 156 markets it covers will experience an increase in home values over the next 12 months. Nationally, Zillow forecasts home values will rise 1.1 percent.

Home price increases will exceed inflation in most housing markets for the first time in nearly 7 years. Investors, first time buyers and move up buyers will return to the housing market in earnest. In many markets demand will outstrip supply for homes in FHA price ranges.

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