U.S. home prices won't rise as much in 2013 as they did in 2012, according to a panel of housing experts.
Home prices should increase 3.1 percent next year, lagging the 4.6 percent rise recorded in 2012, according to a survey of 105 economists, real estate experts and investment and market strategists by Seattle-based Zillow Inc.
"An organic recovery in the housing market really took hold in the latter half of 2012, and this improvement is echoed in some of the most optimistic price projections we've seen in years from this group," Zillow Chief Economist Stan Humphries says in a statement.
Zillow (NASDAQ:Z) recently called Charlotte one of the nation's top markets for those looking to buy a home.
The average home value in the local area climbed to $135,200 in the third quarter, according to Zillow's latest home-price figures. That's up 0.8 percent from the previous quarter and 1.7 percent from a year earlier.
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