Forecast: Home Prices To Rise 6% In 2013

Market researcher CoreLogic is predicting that U.S. home prices will rise 6% in 2013. Home prices rose 7.5% in 2012, and total home sales increased by 6% to 4.2 million-the first increase since 2005. Researchers believe that many of the conditions fueling 2012′s price gains will continue to drive the market in 2013; these factors include low housing inventory, low mortgage rates, and a drop in foreclosed homes on the market. Analysts expect these conditions to encourage sellers to list their homes; the rising prices and extremely low inventory levels should prompt buyers to jump into the market as well. To read the full article visit USAToday.