Home prices in the US are projected to go up. This is good news from a credible source. The Wall Street Journal reported on May 19, 2010 “The analysts surveyed by MacroMarkets on average expect home prices, as measured by the S&P/Case-Shiller national index, to rise about 12% in the five years ending Dec. 31, 2014. ”
What does this mean in real numbers? Buy a home today for $350,000 it could be worth $392,000 or $42,000 more by Christmas 2014. Remember, no is guarantee this will happen.
The exciting part of this news is the projected number – 12%. This is a very encouraging prediction and finally one that is not predictng price decreases.
How can this happen? Read the article for their reasoning. Home Price Recovery Expected in 2010.