Real estate is local but the national media drives people's beliefs. Here's what they're saying this week:
Home prices rose 7.5 percent last year, their largest increase in six years, and will rise six percent in 2013, market researcher CoreLogic predicts in a report on Monday.
Don’t be surprised if home prices begin to appreciate rapidly. Why? The ratio of homeownership costs to income is at an all-time low, and people are not going to continue renting homes at a monthly cost that exceeds a mortgage payment.
The year 2012 brought a housing turnaround with total home sales increasing 6% to 4.2 million sales for the entire year, CoreLogic said Monday.
This is the first year-over-year sales increase since 2005, signaling a housing market that is rebounding and poised for further growth, the data research firm suggested.