The
real estate markets expected to see the biggest increases in home prices will
likely be those hardest hit the last few years by foreclosures, such as in
Phoenix and Las Vegas, and areas where prices have fallen the most, according to
Fiserv’s forecast.
Housings
rising affordability mixed with falling inventories of for-sale homes are the
main factors driving the expected price increases, according to Fiserv.
Initially,
investors are expected to help drive most of this price increase, and then
followed by first-time and trade-up buyers as they re-emerge in bigger numbers
to the market.
Source: “U.S. Home Prices Could Rise 4% a Year,
Forecast Says,” USA Today (May 8. 2012