It’s just a prediction, but the Hartford metropolitan area’s realty market may want to hope that a call by CoreLogic and Moody’s Analytics comes true. They expect home prices in the city to rise 8.9 percent this year.
That was among the highest increases in the country predicted by the market researchers. The increase would be fueled by fewer foreclosure sales and less demand from investors, the two predicted.
Hartford’s fourth-quarter home prices were up 1.3 percent compared to a year prior. Prices gained 2.9 percent in the third quarter of 2013.
But Hartford’s fourth-quarter prices they were still off by 2.8 percent from the final quarter of 2010, CoreLogic said.
