The financial services company Fiserv Inc. recently released a new study of more than 380-plus U.S. housing markets and forecast recovering prices for many of the housing markets across 2012 and 2013.The study shows an average of a 31 percent decrease in home prices across the last five years in the U.S. from the third quarter of 2006 to the third quarter of 2011. This decrease shows the heart of the recent recession and its effects on the average family’s largest investment. Across the same five-year period, prices in the Salt Lake area decreased by a little over 16 percent.
Fiserv forecasts for 2012 show a 1.5 percent growth in prices on average in the Salt Lake area from third quarter of 2011 to that same quarter in 2012. Deseret News
