Housing forecast calls for rising prices

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/