Dive summary:
- Real estate analytical firm Zillow says it is forecasting a good rise (4.1%) in house prices between May 2013 and May 2014.
- Figures reported last week showed prices rose a national average of 5.4% from May 2012 to May 2013.
- Zillow says appreciation will continue, but the year-to-year change will be less as owners move back into the market as sellers and builders pump more houses into the supply, notwithstanding questions about labor and materials shortages.
From the article:
Enjoy it while it lasts, because the housing market will undoubtedly look very different a few years down the road from how it appears now...,"said Zillow Chief Economist Stan Humphries.
