Economists Predict 2013 Home Price to Rebound

According to more than 100 economists, real estate experts and investment strategists, home prices will see a modest increase in 2013 through 2016.  

The economists survey the trajectory of national home prices and the most optimistic panelists predict an average 1 percent increase in home prices this year.  However, some panelist expect a 2 percent decline. But one thing is agreed on, after the first quarter's decrease this year, home prices will rise for the rest of 2012.  

The fact that half of the panelist believe that the homeownership rate will fall lower should be a reminder that significant challenges remain ahead for the housing market.

For example,  when you compare the economists' projections two years ago, the expected pace of the housing recovery is still a working process.  In my professional opinion,  certain areas are seeing a boom in market price and only time will tell if the prices will continue to see a price increase nationwide.