That’s the consensus from the May 2014 Realtors Confidence Index.
The median expected price increase is 4%.
Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth, the survey says.
Click the map to enlarge.
The difficulty in accessing mortgage financing and modest expectations about overall economic and job prospects are factors underpinning the modest price expectation.
The expected price growth was highest (red) in states with low inventory levels, strong cash sales, and strong growth sectors (e.g., technology, oil).
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