Prices are rising at an accelerated rate! The price of a home is the major consideration when deciding whether or not it makes financial sense to purchase a home. Experts are not only predicting house values will increase in 2013; They are also more optimistic in the level of appreciation they are projecting as the market begins to heat up.
According to Bank of America experts, "Home prices continue to show momentum amid shrinking inventory and record high affordability, prompting us to revise up our original forecast for 4.7% of home prices this year. We now expect national home prices, as defined by the S & P Case Shiller home price index, to increase 8% this year."