The state of real estate ( Excerpt Taken By Trees from a Forbes Article March 25, 2014) The housing market appears to be on a steady recovery track since its crash in late 2006, and homes prices are 5 percent off of the historical normal, according to Sean Aggarwal, chief financial officer of residential real estate website Trulia. In 2013 the housing market was up big—11.3 percent—according to the Case-Shiller Home Price Indices, making it the best year since 2005. Las Vegas, Los Angeles and San Francisco had the largest boosts last year, up more than 20 percent. Though this year, projections are not expect to shoot through the roof like last year. The research firm Clear Capital, which serves the mortgage and lending industry, projects that in 2014 home prices will rise between 3 and 5 percent.
Posted on: Thu, 10 Apr 2014 01:27:16 +0000
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