Where are Home Prices Headed in 2015?

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 Where are Home Prices Headed in 2015?

It may be hard to believe, but we are already well into December. This year has gone by so fast and we are looking forward to a nice holiday break. However, before we sign off for 2014, we wanted to address some things in our market report. First, the national market.

A recent Case-Shiller report indicated that there has been a broad-based slowdown for home prices. Results showed that home prices continue to decelerate, but we have to look at that in context. The report addresses that since last month, home prices have decreased from 5.6% to 4.9%. However, when compared to last year, home prices are still up 4.9%. 
Where are home prices headed? Well, according to 100 of the top economists in the country, we are looking at a steady increase in home prices over the next 5 years.