U.S. house prices are likely to rise
8 percent this year, up from a previous estimate of 4.7
percent increase, according to Bank of America Corp. (BAC) interest rates are low, tight inventory properties for
affordability record sales and price triggers accelerated
income, Michelle Meyer, Bank of America U.S. economists, and
Chris Flanagan and Justin Borst, mortgage-backed securities
strategy, said in a note to investors titled "have said
house party ""? We believe that the positive feedback is started, which
increase in the price of fuel expectations of further appreciation
and easing of credit conditions, which stimulates
homebuying, "they said in a report dated yesterday. "It's
strong positive relationship, especially in this neighborhood
of historically low interest rates and the Federal Reserve
determined to remain accommodative policy "began. House prices rose last year after the worst housing
crash since the Great Depression as lowering unemployment life
Mortgage rates fell to a record low and shrinking pond
list of trigger competition among buyers. Price last year
rose 7.3 percent, according to Bank of America reports. "Housing inventory continued to decline, indicating that
supply of homes on the market for sale undershooting
demand, "wrote Flanagan, Meyer and Borst. "It goes back to
pace during the housing bubble. Unlike foam, the reason
to reduce the surge in demand but not meet
finance subpar. "New House Rising demand sparked a resurgence of new home sales,
reached the lowest point in 50 years in 2011. Sales of new homes rose in
437,000 annual pace in January, the highest level since July
2008, according to the Commerce Department. Single-family first
rose to 613,000 in January, the most in more than four years.
Starts will total about 650,000 this year, about half the length
The term "normal" pace of 1.3 million, according to the National
Association of Home Builders. Increasing house prices will moderate to 6.5 percent in 2014 -
changed from the previous estimate of 7.7 percent increase -
then 3.7 percent in 2015 and 1.7 percent in 2016, according to
Bank of America reports. "Our forecast now assumes a rapid appreciation in the short-term,
but slower growth in the years to come, "Flanagan, Meyer and Borst
writing. "Our forecast for aggregate values
8 percent this year, up from a previous estimate of 4.7
percent increase, according to Bank of America Corp. (BAC) interest rates are low, tight inventory properties for
affordability record sales and price triggers accelerated
income, Michelle Meyer, Bank of America U.S. economists, and
Chris Flanagan and Justin Borst, mortgage-backed securities
strategy, said in a note to investors titled "have said
house party ""? We believe that the positive feedback is started, which
increase in the price of fuel expectations of further appreciation
and easing of credit conditions, which stimulates
homebuying, "they said in a report dated yesterday. "It's
strong positive relationship, especially in this neighborhood
of historically low interest rates and the Federal Reserve
determined to remain accommodative policy "began. House prices rose last year after the worst housing
crash since the Great Depression as lowering unemployment life
Mortgage rates fell to a record low and shrinking pond
list of trigger competition among buyers. Price last year
rose 7.3 percent, according to Bank of America reports. "Housing inventory continued to decline, indicating that
supply of homes on the market for sale undershooting
demand, "wrote Flanagan, Meyer and Borst. "It goes back to
pace during the housing bubble. Unlike foam, the reason
to reduce the surge in demand but not meet
finance subpar. "New House Rising demand sparked a resurgence of new home sales,
reached the lowest point in 50 years in 2011. Sales of new homes rose in
437,000 annual pace in January, the highest level since July
2008, according to the Commerce Department. Single-family first
rose to 613,000 in January, the most in more than four years.
Starts will total about 650,000 this year, about half the length
The term "normal" pace of 1.3 million, according to the National
Association of Home Builders. Increasing house prices will moderate to 6.5 percent in 2014 -
changed from the previous estimate of 7.7 percent increase -
then 3.7 percent in 2015 and 1.7 percent in 2016, according to
Bank of America reports. "Our forecast now assumes a rapid appreciation in the short-term,
but slower growth in the years to come, "Flanagan, Meyer and Borst
writing. "Our forecast for aggregate values
No comments:
Post a Comment