06.03.2013 - U.S: Home prices finally returning to normal
After years of wild swings, the U.S. housing market is slowly returning to normal. 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. "For the past 15 years, home price changes and sales volumes have either been boosted by a bubble mentality or crushed by crash psychology."..............................................Full Article: Source
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