Where are home prices headed? Fiserv Case-Shiller has come out with a housing market forecast for the next two year for 20 major metropolitan areas in the U.S. The forecast period is for March 2011-March 2012 and then March 2011 – March 2013. Some markets are still expecting big drops in home prices such as Miami, but other are forecasted to see significant price appreciation including San Francisco +8.7%, Las Vegas +8.10% and Portland +8.8%.
Locally, the Minneapolis market is forecasted to remain flat with a -.7% price depreciation.Home prices in 20 major cities. Some cities are expected to bounce back faster than others. Here’s how home prices are faring in some of the nation’s major markets — and where Fiserve Case-Shiller expects them to head in the upcoming year.
Table below is from CNN Money. The source for the data is Fiserv Case-Shiller.
|City ▾||Prices March, 2011 – March, 2012||Forecast March, 2012 – March, 2014|
|Index of 20 cities||-0.80%||1.70%|