Survey Says: Home Values to Rise over 20 Percent

According to nationalmortgagenews, the first-quarter Zillow home price expectations survey reveals that 118 economists, real estate specialists, investment and market analysts believe home prices will rise this year 4.2 percent and hit 22 percent over the next five years, exceeding pre-bubble rates by 2017. While the most optimistic respondents say growth will hit 6.1 percent this year, the pessimists say it will be more around three percent. Similarly, the most positive forecasters say home values will rise 34.2 percent through 2017, as opposed to the hesitant who predict an increase of only 11.7 percent. MHProNews has learned when panelists were asked the time frame necessary to take down the Fannie Mae and Freddie Mac shingle, 59 percent suggest within five years, 13 percent say two years, and ten percent say not for at least ten years.

(Image credit: HousingWire)

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