According to JPMorgan Chase’s new report, home prices may rise to 7.2% this year. With the market rolling into the summer season, analysts claim that prices are posting significant gains. Lower-tiered units have proven to show more growth in metropolitan areas than higher-tiered units due to high investor demand. JPMorgan analysts stated “Despite the lack of data for investor demand, we saw all-cash sales remain higher than 30% of housing sales.” The Federal Housing Finance Agency also recently reported the extension of the Home Affordable Modification Program (HAMP) and the streamlined modification initiative through the end of 2015, helping the housing market. More here
