Home Prices to Rise 3.3% Annually

According to nationalmortgagenews, Fiserv Case Shiller predicts by the end of the year home prices will be on the rise in every metro area in the U. S., and conditions point to a continuous recovery in the housing market through 2017. Fiserv says the data that shows price increases were up in 62 percent of the metro markets in Q3 2012 versus 12.5 percent in Q3 2011 indicates the market is in recovery mode. MHProNews has learned home prices will grow at an average rate of 3.3 percent each year through Q3 2017. However, as Fiserv Chief Economist David Stiff cautions, REOs and foreclosures may derail double-digit recovery in all markets until they are liquidated.

(Image credit: Fotosearch)

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