Report: Low Supply Points to Price Increases of 5-10% in 2013

Overall property values have been on the upswing. I agree that this year 2013 we should see additional price increases of 5-10%. If you’re in the market to buy take a few minutes to read this article.

“The low supply of housing stock recently reported is giving Capital Economics reason to believe home price forecasts under 5 percent are actually conservative estimates.  Realtors in December expected prices to rise by about 3.5 percent over the next year, while consumer estimates were more modest at 2.5 percent for the same time period, the analytics firm noted in its monthly housing report. The estimates show a growing optimism among those groups.”