U.S. Home Prices Could Rise 4 Percent a Year, Forecast Says

U.S. home prices will stabilize by the end of the summer and rise almost 4 percent annually over the next five years, predicts Fiserv, after analyzing leading home price indexes. Investors will drive the rise in home prices, with first-time and trade-up buyers eventually following. Fiserv cites declining supply as a key factor as well as affordability, noting that conventional mortgage payments now represent just 12 percent of median family incomes compared to the historical norm of 20 percent. | Read More