March 19th, 2013 8:39 AM by Teresa Molina
A huge panel of economists from banks, universities, and investment and research firms weighed in on the direction of U.S. home prices over the next five years.
The consensus was average home price appreciation of 21.99% through 2017, growth that exceeds what Zillow refers to as “pre-bubble rates,” which took place from 1987 to 1999.
During that time period, home prices appreciated annually at a rate of 3.6%, on average.
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