NEW LISTING
5924 S. Pacific Coast Hwy #2, Redondo Beach, CA 90277
Area 128 – Hollywood Riviera
Very nice 2BR-2BA Townhouse in about 1346sf.
New appliances, New Paint, Updated throughout.
View into El Retiro Park. End unit, 2 car underground parking
Expected around May 23rd. $539,000 Call me: 310 346-0391

Home Prices to Rise 4% Per Year?

Have home prices finally hit bottom? Many analysts think so. According to the latest forecast by Fiserv, the market watcher sees a big boost to home prices on the horizon, projecting that home prices will rise nearly 4 percent per year for the next five years. The real estate markets expected to see the biggest increases in home prices will likely be those hardest hit the last few years by foreclosures, such as in Phoenix and Las Vegas, and areas where prices have fallen the most, according to Fiserv’s forecast. Housings rising affordability mixed with falling inventories of for-sale homes are the main factors driving the expected price increases, according to Fiserv. Initially, investors are expected to help drive most of this price increase, and then followed by first-time and trade-up buyers as they re-emerge in bigger numbers to the market. Daily Real Estate News | Wednesday, May 09, 2012