More Optimism for an Increase in Home Prices

By
Real Estate Agent with Keller Williams Lanier Partners

 

 

Housing Prices UpA 9.7% Jump in 2013?

 

Could be, says J.P. Morgan analysts.  Standard & Poor's estimates a positive 5% rise scenario as well.  This prediction from strategist, John Sim at J.P. Morgan, comes after a rise in the net demand for housing in 2012. Net demand is configured by subtracting the current for sale inventory from the rate of existing home sales.

 


Of course, the uncertainty of the economy and the current negotiations in Congress could adversely affect a bullish home buyer's confidence and those of the industries investors.  Rising taxes could reduce the available income for potential home buyers.  Also, the uncertainty of another onslaught of foreclosures released in the housing market still exists.


Even so, across the board, the expectations for higher home prices 2013 remain constant.  J.P. Morgan's polling reveals that over three quarters of investors questioned still expect home prices to rise at least by 5% in 2013.

Posted by

Lynn Pruitt

If you are interested in listing your home or information on an existing property, please feel free to contact me at lynnpruitt@kw.com or call my cell 706-436-0414

Please visit my website:  www.LakeHartwellTime.com

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Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

That is a very respectiable jump in home prices.  I wish you a continued increase in the next year.

Dec 31, 2012 11:59 PM #1
Rainer
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Lynn Pruitt
Keller Williams Lanier Partners - Hartwell, GA

Thanks Tim!  And to you a prosperous New Year!  Blessings!

Jan 01, 2013 12:06 AM #2
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Rainer
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Lynn Pruitt

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