With rising inventory and modest expectations of demand growth,
REALTORS® responding to the October 2014 survey expected home prices
to increase modestly in the next 12 months, according to data gathered
from the October 2014 REALTORS® Confidence Index Survey: http://www.realtor.org/reports/realtors-confidence-index.
Local conditions vary with expectations anchored on factors such as the
level of inventory, the state of the local job market, and credit
The median expected price increase is about 3 percent. No state had a median expected price growth above 5 percent. States
with the most upbeat price expectations (orange) include California,
Washington, North Dakota, Texas, Florida, Georgia, the District of
Columbia, and Massachusetts–states with strong housing markets, job
growth, and economies.