There are a lot of people, especially at the beginning of the year, like to make their projections - where they think housing is going to be at the end of 2013. JP Morgan thinks prices are going to be up 9.7 percent. Barclay's Capital thinks they are going to be up 5.5 percent. Capital Economics, 5 percent. Freddie Mac thinks there is going to be a two to three percent in pricing.
Now those are individual entities that are taking a guess based on what their analysis of the market and the market data as to where prices are going to be at the end of the year. Now people could get caught up into that. We could love - like the JP Morgan projection. But let's not take any one group and say they are right or they are wrong. Tomorrow I am going to blog about the Home Price Expectation Survey.
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