Real Estate Announcement; “Full Recovery” for Housing, Zillow Also Optimistic

Data firm Veros Real Estate Solutions announced yesterday that in light of its recent analysis of the 12-month period ending December 1, 2012 and its forecast for the 12-month period ending December 1, 2013, “the national real estate market has hit bottom and is now in a full recovery”. The analysis and forecast factor in 975 counties, 335 metro areas, and 13,586 zip codes. Numbers are updated quarterly. Veros predicts that the nation’s top 100 metro areas can “expect 1.2 percent appreciation over the next 12 months.”

Zillow also chimed in with Veros to ring in what these housing analysts are clearly hoping will be an extremely happy New Year. Zillow actually went so far as to predict that home prices would increase by 3.1 percent in 2013 and reported that overall, 2012 prices would end with a 4.6 percent gain. The numbers were based on a survey of 105 “economists and industry experts.” Stan Humphries, Zillow’s chief economist, happily reported that “an organic recovery in the housing market really took hold in the latter half of 2012” and predicted that the market is “well-positioned for continued growth, albeit slightly slower, in 2013 and beyond.”

*GOD Speed*
TLD investments LLC


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