Bank of America Corp. and JPMorgan Chase & Co. are forecasting steady increases in housing prices for years to come, Bloomberg reports.
Last week, JPMorgan Chase (NYSE:JPM) more than doubled its forecast for U.S. home price gains to 7 percent by the end of 2013, and it anticipates prices will increase by more than 14 percent through 2015.
Meanwhile, BofA (NYSE:BAC) in a recent report predicted an 8 percent spike in housing prices this year. The title of Bank of America's report: "Someone say house party?"
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