Home values back to pre-bust levels by 2015?

An article from CNN Money yesterday suggests that the current recovery is not only real, but could be developing into a another boom with suggestions that prices could start rising by as much as 5-7.5%/year in the coming years. Additionally the article also mentions forecasts for new home construction to grow by at least 20% a year for each of the next two years.

Here in the Portland real estate market we’re seeing these signs with August being the best month for sales we’ve seen in five years and September being the best September for sales in almost six years as mentioned in previous market action reports (August RMLS Market Action & September RMLS Market Action)

The report they are citing is from Barclays Capital and you can check it out by hitting up the source link here.

~Scott McDonald

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