Home prices finally returning to normal
According to CNN Money, the latest forecast from Fiserv (FISV) Case-Shiller predicts home prices will increase by an average of 3.3% annually over the five years ending September, 2017.
2012 was the first year since 1997 that the housing market has resembled something [close to] normal,” said David Stiff, Fiserv’s chief economist. By the end of this year, Fiserv predicts that home prices will be heading higher in almost every metro area it tracks.
Prices are extremely affordable and mortgage rates are at or near historic lows.
learn more at CNN Money.