Home value appreciation to close year strong

Inventory levels may rise with home prices jumping.Homeowners in the Houston (http://www NULL.zillow NULL.com/houston-tx/home-values/) real estate market are likely to see the values of their homes rise in 2013, with appreciation expected to end the year high.?More than 100 forecasters who responded to the latest Zillow Home Price Expectations Survey said appreciation, on average, will reach 6.7 percent by year’s end, up from the previous projection of 5.4 percent.?”Short-term expectations for home value appreciation through the end of this year are consistent with a nationwide housing market recovery that is both strengthening and widening, but still coping with high levels of negative equity, high demand and low inventory,” said Zillow senior economist Svenja Gudell.?As home values rise, more homeowners may be willing to list their properties, which could help relieve the inventory shortage. At the end of June, total housing inventory was at 2.19 million existing homes available for sale, up 1.9 percent from the previous month, but down 7.6 percent year-over-year.?With the potential for more homes on the market, sales activity could pick up in the coming months.?Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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