Barclay’s Issues Housing Forecast

From Barclay’s forecasts U.S. housing prices to rise by 11.0 percent in 2013 and 7.0 percent in 2014, based on data through Q2 2013. Prices are up 7.6 percent and 7.2 percent this year through June, seasonally adjusted for the CoreLogic aggregate and distressed-excluded indices, respectively, according to Barclay’s Q3 Regional Housing Update.Barclay’s expects the percentage of distressed real estate to fall most dramatically in Florida in the coming years, from its current share of 10.5 percent of the market to 4.3 percent by 2017.

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