WALL STREET JOURNAL REPORTS HOUSING PRICES ARE EXPECTED TO INCREASE 12.4% BY 2014

The below is a report from the Wall Street Journal. As you know, this is a snapshot of the national picture. As I have noted in the recent past the very strong demand for housing in our area because of the growth of our military; I expect we will see a much higher appreciation based on real need and low supply, This is a much different picture of the days of speculation of the recent years. If you have not read my recent Blogs highlighting news events noting this growth, I strongly suggest you do. If real estate is going to be your growth vehicle for investments, you will want to know this information. I can explain more, just give me a call.


Housing prices are expected to increase 12.4 percent between 2010 and the end of 2014, predicts MacroMarkets, which surveyed more than 100 analysts and market strategists.Those interviewed didn’t all see the housing market in the same light. Joseph LaVorgna, a economist at Deutsche Bank predicts that home prices will rise 37 percent by the end of 2014.On the most bearish end, both Anthony Sanders, professor of real estate finance at George Mason University, and investment adviser Gary Shilling, president of A.Gary Shilling & Co., expect prices will decline 18 percent.

Source: The Wall Street Journal, James R. Hagerty (05/19/2010)