Housing market shows encouraging signs

Tuesday, March 5, 2013 - 10:23am

There are encouraging signs that the housing market is getting back to normal. Home prices will rise an average of three-point-three-percent a year from now until September 2017, according to a forecast from Fiserv Case-Shiller.

Fiserv predicts home prices will head higher in almost every metro area it tracks by the end of this year. The biggest gains are expected in Medford, Oregon; Santa Fe, New Mexico; Billings, Montana and Syracuse, New York.

Home prices in Miami are expected to drop 10-point-seven-percent because of the high number of foreclosures in the area.

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