Housing Recovery to Occur in Two Phases: Demand Institute
05/15/2012
By: Esther Cho
The housing recovery will come in two phases. First, home prices will
rise by just under 1 percent in the second half of 2012. In 2013,
prices will rise by 1.5 percent, then go up another 2.5 percent in 2014.
For the second phase, home prices will increase 3 to 3.5 percent
between 2015 and 2017. These are the predictions from a report released
by the Demand Institute, which is jointly operated by The Conference Board and Nielsen.
The report, titled The Shifting Nature of U.S. Housing Demand, stated investors who buy rental properties will lead phase one of the recovery, as opposed to buyers who purchase properties as their own residence.
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The report, titled The Shifting Nature of U.S. Housing Demand, stated investors who buy rental properties will lead phase one of the recovery, as opposed to buyers who purchase properties as their own residence.
Click here for full article
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