Mar
21

Protected: RE Grad Call – Overcome Obstacles 3-21-2013

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Mar
14

Economists Revise Housing Figures Amid Optimism

Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise in home prices. For example, economists at Bank of America revised their home price forecast from 4.7 percent this year to 8 percent. Capital Economics’ Economist Paul Diggle upwardly revised his home price forecast too, from a 5 percent projection to an 8 percent rise in home prices this year. “Prices of both new and existing homes are picking up, the latter […]

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Mar
14

Protected: RE Grad Call – Be Active 3-14-2013

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Mar
13

U.S. housing market is slowly returning to normal

The latest forecast from Fiserv (FISV) Case-Shiller predicts home prices will increase by an average of 3.3% annually over the five years ending September, 2017. “2012 was the first year since 1997 that the housing market has resembled something [close to] normal,” said David Stiff, Fiserv’s chief economist. “For the past 15 years, home price changes and sales volumes have either been boosted by a bubble mentality or crushed by crash psychology.” From 1998 until the housing bubble peaked in 2006, home prices grew by 5% or more a year. […]

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