REALTORS Expect Modest Price Growth In Next 12 Months

Dated: 12/04/2014

Views: 825

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[1]. Local conditions vary with expectations anchored on factors such as the level of inventory, the state of the local job market, and credit conditions. 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.
SOURCE: REALTOR.COM

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