A new survey out from REALTORS® expects home prices to increase modestly in the next 12 months because inventory will rise and modest expectations of demand growth:
The median expected price increase is about 3 percent. The map shows the median expected price change in the next 12 months based on the August – October 2014 surveys[2]. No state had a median expected price growth above 5 percent. States with the most upbeat price expectations (orange) include California, Washington, North Dakota, Texas, Florida, Georgia, the District of Columbia, and Massachusetts–states with strong housing markets, job growth, and economies.
