Forecasters say home values will jump 6.7 percent this year

Posted by Bonnie Martin Designated Broker on Friday, August 9th, 2013 at 6:37am.


Inman.com - More than 100 economists, real estate experts, and investment and market strategists predict home values will rise an average 6.7 percent year over year in 2013, according to Zillow’s latest home price expectations survey conducted by Pulsenomics.

Survey panelists said they expected median U.S. home values to rise to $167,490 by the end the year, up from $156,900 at the end of 2012 and $161,100 currently, Pulsenomics said. On average, panelists projected U.S. home values could near record highs by the end of 2017, coming close to the previous peak of $194,600 in May 2007. 

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