Banks Predict Home Prices To Continue to Rise in Coming Years
Two of Austin's largest banks predict that home prices will continue to rise over the next couple of years. Both Bank of America and JP Morgan Chase released forecasts this past Quarter that housing prices will steadily increase throughout the rest of the year, and continue on through 2015.
According to a Bloomberg report, both banks predict that U.S. home prices will increase 7-8 percent by the end of the year, and JP Morgan Chase forecasts that homes will increase in value up to 14 percent through 2015.
The team at Cain Realty Group with Keller Williams Realty has definitely seen a trend of rising home prices in the Austin area. Some homes have even gone under contract for $5,000-$50,000 more than they would have even just a few months prior.
To find out how much your home is worth, check out our free online market snapshot: https://www.cainrealtygroup.com/Home-Sellers/Obtain-Your-Market-Snapshot