More than 100 economists, real estate experts and investment and market strategists project home prices will rise by 3.1% in the new year, up from the forecast of 2.4% in September, according to December 2012 Zillow Home Price Expectations Survey.
Home prices are also expected to increase by 4.6% for 2012, which up from the former forecast of 2.3% in September. The panel also reported that home prices are projected to rise by more than 3% annually through 2017…
…For 2013, price change projections range from 4.9% among the most optimistic quartile to 0.8% among the most pessimistic, on average, Zillow said…”
Read the rest of this article by www.housingwire.com here: “Zillow: Home prices expected to rise 3.1% in 2013″.