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
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