Friday, February 17, 2006

Home prices will barely budge in 2006

Chicago can expect a 0.6% price increase!

According to the latest housing price forecasts from Fiserv Lending Solutions, a provider of mortgage and consumer lending services, Las Vegas real estate will tumble a whopping 8.2 percent in 2006, the largest predicted fall among the 379 metro areas studied.

Fiserv forecasts a significant stagnation in housing prices for the United States in 2005; median home prices overall will inch up only 1.5 percent this year.

And many metro areas will experience drops, including some of the largest, and most expensive, ones such as New York, down 2.43 percent; Los Angeles, 3 percent; and Washington, D.C., 1.9 percent.

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