According to these four companies, home prices will rise in 2013. While JP Morgan projects a 9.7% price increase, it’s important to understand that there are a range of percentages published and they should all be considered for the year.
One great source for a compilation of many projections is the Home Price Expectation Survey. Pulsenomics, the company that conducts this survey, spoke with over 100 of the leading analysts in the country. They estimate in the first quarter that home values will appreciate at a steady 3.3% annual rate over the next few years, very similar to the pre-bubble normal appreciation rate of 3.6% a year.
What does this mean for homeowners today? Appreciation this year should be steady and back to normal rates, and your assets should start gaining in value again over the next few years.