Housing forecast calls for rising prices

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Real Estate

Thanks to rising family incomes, low mortgage rates and older millennials, home prices in the U.S. are projected to rise through July 2020.

That's according to a report released Wednesday by the real-estate data firm CoreLogic. The property information provider forecasts annual price growth of 5.4% by July 2020 despite major housing markets experiencing declines across the U.S. in much of 2019.

“With the for-sale inventory remaining low in many markets, the pick-up in buying has nudged price growth up," said Frank Nothaft, chief economist at CoreLogic. "If low interest rates and rising income continue, then we expect home-price growth will strengthen over the coming year.”

Click here for more information: https://www.usatoday.com/story/money/2019/09/04/home-prices-set-jump-5-4-thanks-older-millennials-report-says/2207408001/