Economist Predicting Home Price Increases

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Not that I’m a follower of anyone other than the Anderson report when it comes to Economist, but Zillow surveyed a group of Economist and they feel home prices will rise in 2012 by 2.3%.

On a $600,000 home that means. $13,800 in appreciation. That’s not bad.

 

 

From DS news

Economists Far More Optimistic on Future of Housing Prices: Survey

A strengthening housing market in the past few months has economists making more bullish predictions about the recovery, Zillow revealed Thursday. The company released the results of its most recent Home Price Expectations Survey, showing that economists surveyed expect home prices to rise by a total of 2.3 percent during 2012. This change in sentiment is a major turnaround from June, when respondents predicted home prices would experience a net decline this year. » Read More

 

- sunil

 

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