Housing Picture Expected To Brighten In 2012

According to several forecasts and recent surveys, better times are ahead for the real estate market in the coming year. 

Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro markets it tracks will see prices rise in 2012.

Many surveys and economists are forecasting a very modest increase for the housing market, but after several years of declining values and rising foreclosures, even the slightest increase would signal hope for the market. 

Many economists and real estate professionals believe that home values will likely rise slightly at .025 percent in the new year which is a reversal after a forecast of a 2.8 percent decline in median home values this year.

Low mortgage interest rates mixed with more affordable housing continue to help the housing market.