I Used To Have a Corner Office in Rockefeller Plaza....

....but now this is where I conduct most of my business. Ergonomically correct chair, and all.

I Used to Have a Corner Office in Rockefeller Plaza....

...but now I find that some of my most productive meetings take place on the street, with a small bag of dog poop in my hand.

Two Additional Experts Upgrade their Pricing Forecast

The Guys at KCM get it right again.

 

Last Monday, we reported that several analysts had upgraded their projections for home price appreciation in 2013. A few days later, the Wall Street Journal revealed that two additional analysts had also upgraded their forecasts.

Zelman & Associates

“Ivy Zelman, chief executive of research firm Zelman & Associates, said Wednesday she was now expecting prices to rise by 7% this year, up from earlier estimates of 6%, 5%, and 3%…She’s also calling for a 5% gain next year because she says the supply shortages and growing demand that fueled last year’s turnaround show no signs of easing.“

Her reasons:

“The shortage of housing capacity continues to resonate. Just as deflation was a national headwind that stretched deeper into the economy than anyone would have imagined, we believe that appreciation can carry broad, positive implications for the consumer and economy beyond many expectations.”

John Burns Real Estate Consultants

“John Burns, who runs a real-estate consulting firm in Irvine, Calif., is calling for a 9% gain in home prices this year, up from a 5% forecast late last year.”

His reasons:

“Strong investor demand and low interest rates that have boosted the purchasing power of buyers.”

These two experts join a long list of housing analysts who have now called for a major rebound in housing prices in 2013.

SOURCE: KCMblog.com