What Will The Real Estate Market Look Like in 2013?
By: Nicole Gates
According to a recent article by Forbes, the housing market will improve moderately in 2013. While it’s not to be mistaken for a “boom”, the gains in activity and prices will be a welcome relief for most.
Home prices are also expected to rise in 2013, but again, only modestly. Most recent data suggests that national average housing prices are rising by roughly five percent annual rate. However, this type of rate is too optimistic for the next few years because there are still multiple underwater properties that will sell soon, limiting housing price hikes in the upcoming year.
For more about Forbe’s real estate forecast, click here.