Home prices should increase by 5% Y/Y in Q4, says BAML, again revising its forecast upward (this...

|By:, SA News Editor

Home prices should increase by 5% Y/Y in Q4, says BAML, again revising its forecast upward (this time from 2%). Looking deeper into the crystal ball, the analysts predict 3.3% annual appreciation over the next decade. A continued decline in inventories is the key reason for the bullish call.