Prices Still Going Up

This time last year, a lot of economists thought the market had reached its peak; a lot of people thought that about 3-4 years ago too. But a National Association of Realtors economist, Lawrence Yun, says he expects a continued rise, but of about 5% in the next year due to anticipated rises in interest rates. He doesn't expect prices to fall because job creation is expected to rise, baby boomers are buying bigger homes, not smaller ones, and the home inventory available for purchase is at an historic low, expecially in California. Read here for more.