With rising inventory and modest expectations of demand growth, the National Association of Realtors expect home prices to increase modestly in the next 12 months according to data gathered from the 2014 Realtors Confidence Index Survey. Local conditions vary with expectations anchored on factors such as level of inventory, state of the local job market and credit conditions.
The median expected price increase nationwide is about 3 percent. No state had a median expected price growth above 5 percent. States with the most upbeat price expectations include California, Washington, North Dakota, Texas, Florida, Georgia, the District of Columbia, and Massachusetts - states with strong housing markets, job growth and stable economies.
Local Branson, Missouri median home prices are predicted to increase by 4 percent in 2015.