Experts are predicting a rise in home prices starting in 2013. I personally think it is too optimistic especially for this area. On a positive note, the real estate market has improved and real estate agents are busier compared to this time last year. The mild winter has created an earlier than expected spring market. I do think we have hit rock bottom and will stablize for the next couple of years. The foreclosure market is still very active and we must get those listings sold before you will see appreciation in property values.
What do you think about the market? Do you think prices will begin to appreciate in 2013? Your comments are welcome!
The Urban Land Institute released its Real Estate Consensus Forecast where 38 real estate economists and analysts voice their opionion about the future real estate market. Click on the link below for the complete article.