Have home prices finally hit bottom?
?Prices are bottoming now,? according to a Bank of America Merrill Lynch forecast, released this week.?
In the fall, the analysts had predicted home prices would drop by 8 percent from the second quarter of 2011 through the first quarter of 2013 ? but now they?re revising that forecast, realizing the housing market is stabilizing faster than they originally thought.?
The analysts now predict that prices will remain flat for the next two years, as the excess foreclosure inventory is absorbed. They then expect to see a pickup in home prices by 2014.?
And in the long-term, they see a big rise in housing prices. From 2012 through 2020, analysts forecast a cumulative growth of 42 percent in home prices (at 4 percent on an annualized basis).?
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning134 N. LaSalle, Suite 2250Offering free legal representation to homeowners seeking a short saleKey words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago. This is intended to be advertising.? Please consult with an attorney before acting on any information given here.
reno wildfire osu osu reno news shonn greene oklahoma state plane crash syracuse university
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.