Housing Price Appreciation Expected to Hit 7%
Posted by Jay Gulick on Tuesday, April 29, 2014 at 1:47 PM By Jay Gulick / April 29, 2014 Comment
Despite a weak first quarter, home prices are still expected to rise by 7% in 2014, according to Wall Street analysts. “We continue to expect home price appreciation to moderate from the torrid pace of mid-2012-13, supported by improving employment and growth prospects,” said analysts from Morgan Stanley (MS). “We leave our 2014 projections for new home sales (450-500 thousand units) and home prices (up 5-7% for the year) unchanged.” Read more.
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