The Law Office of Michael E. Ripley

Exceeding Expectations

House Prices at the End of 2013 Were Flat

According to an article in the Union Tribune newspaper (January 29, 2014), the prices of houses during the last quarter of 2013 were flat, however, they were up by 18.7% for the calendar year.  The article states that the housing market is leveling off.  Forecasts by experts in the article indicate that house prices will continue to increase by around 3.5% in the next 12 months.