Sentiment shift: Home prices to rise

Posted by Bonnie Martin Designated Broker on Friday, May 10th, 2013 at 12:42pm.

money.cnn.com - A monthly survey by mortgage finance firm Fannie Mae found 51% of those questioned in April believe prices will rise in the next 12 months, while only 35% are projecting a drop in prices. It is the first time in the three-year history of the survey that a majority said they expect prices to increase.

A year ago, 49% were expecting further price declines while only 32% said they though prices were on their way up.

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