REALTORS Still Optimistic On Rising Appreciation

Dated: 06/11/2014

Views: 1365

DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 11, 2014

REALTORS® expect home prices to continue to appreciate over the next year, with a median price increase expected of 4 percent over the next 12 months, according to the latest REALTORS® Confidence Index, reflecting responses of more than 3,000 REALTORS® about their April transactions.
“Slower sales due to tight credit conditions, declining affordability due to the recent price growth amid modest income gains, and fewer distressed sales likely account for the modest expectations,” economists note in the report. Some states are slightly more optimistic about home price increases, such as in Florida, where low housing inventories and high demand are expected to boost prices. Price growth in Florida is expected in the range of 5 percent to 7 percent over the next 12 months.
Real estate professionals in states including California, Oregon, Nevada, Texas, and Georgia are forecasting home prices to be greater than 5 percent to 6 percent in the next 12 months. In most states, agents are predicting a 3 percent to 5 percent growth in home prices. 

Source: REALTORS® Confidence Index Report and Market Outlook, April 2014 and “REALTORS® Price Expectations by State in Next 12 Months,”
National Association of REALTORS® Economists’ Outlook blog (June 6, 2014)

Phil Mount

Phil Mount is an agent at Front Street Brokers in Boise, Idaho. Phil became a licensed REALTOR in August 2009 after a 25 year career as a technology marketing professional. In his first year as an a....

Want to Advertise on this Site?

Latest Blog Posts

Great Single Level Home In A Convenient Boise Location 3968 S Oak Brook Way MLS 98674860

Great single level home in a convenient Boise location3968 S Oak Brook Way MLS 98674860Great single level home in a convenient Boise location.  Close to the Greenbelt, Bowne Crossing and all

Read More

Last Remaining Riverfront Lot In Eagles Most Desirable Subdivision 1123 Sherington Eagle MLS 986674

Last Remaining Riverfront Lot in Eagle’s Most Desirable Subdivision1123 Sherington Eagle -MLS 98667459You don’t want to miss the opportunity to build your dream home on the last remaining

Read More

Turn Key Kuna Home Ready For A New Owner

Turn Key Kuna Home Ready For A New Owner1878 W. Oakley Way Kuna ID 83634$214,900MLS: 98674193Contact: Jared Cozby (208) 830-3715Turn key home ready for a new owner! All new flooring - new

Read More

Completely Remodeled Classic Ranch On The Golf Course 4959 Umatilla Ave Boise 83709 MLS 98673494

Completely Remodeled Classic Ranch on the Golf Course.  4959 Umatilla Ave, Boise 83709, MLS 98673494Fall in love with this totally remodeled classic ranch home located on the 1st

Read More