MBA economist sees home price recovery, but hurdles remain

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 · Since the Cupertino City Council approved the 2.8 million-square-foot building in 2013, home prices within a mile of the structure have appreciated by 18.4 percent on an annual basis. Currently, there are only 14 homes listed within a two-mile radius of the new building.

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price pressures as newly completed homes help increase inventories from their very low levels. All in all, we expect home sales to rise by 3.4% this year and 2.6% in 2018, while prices should increase by nearly 6% this year and 4% in 2018. Price growth over the 2017-18 period looks to be the fastest in Boston and New York, between 6% and 7%.

 · "The increase in purchase volumes will be driven by continued modest growth in the economy, an increase in owner-occupied sales financed with mortgages as opposed to cash purchases by investors, an increase in new home sales and a small increase in average home prices." Overall, the group sees new home purchases rise to $585 billion in 2013 up.

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MBA Economist: Home Prices Growing Twice as Fast as Income Almost everyone involved in real estate knows about the inventory shortage. But it’s not the only culprit contributing to the imbalace in.

THE latest survey of global house prices conducted by The Economist still makes for gloomy reading. Among the 19 countries we survey each quarter only Switzerland and China had housing markets.