Fiserve, Inc, along with the Federal Housing Finance Agency, have recently released an analysis of home trends in more than 380 housing markets in the United States.
"2012 was the first year since 1997 that the housing market has resembled something recognizable as normal. For the past 15 years, home price changes and sales volumes have either been boosted by a bubble mentality or crushed by crash psychology," said David Stiff, the chief economist at Fiserv.
"Back in 1997, housing prices grew 3 percent, just below the 5 percent long-term average rate of appreciation. From 1998 to 2006, prices appreciated at levels above 5 percent, with double-digit price increases in many of those years. Then, after 2006, the market collapsed as euphoria turned to panic. It took until the end of 2011 before housing markets finally started to stabilize. The latest Case-Shiller results show a return to a historically normal pace of price appreciation in the last year."
Construction Jobs In America Are Still Difficult To Fill
At the end of the third quarter in 2013, things were looking good, as prices were rising in over 60% of all metro areas in the United States.
Fiserv Case-Shiller prediects that by the end of 2013, home prices will have rised in nearly every U.S. market.
Home Building In The U.S. Surges 12%
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.
