Pursuits
JPMorgan Sees Home Prices Up 14% as BofA Touts Party
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Ben S. Bernanke’s efforts to revive housing are making real estate bulls even more bullish.
JPMorgan Chase & Co. more than doubled its forecast for U.S. home price gains in 2013 to 7 percent this week, and predicts a more than 14 percent increase through 2015. Bank of America Corp. said last week property values will jump 8 percent this year, up from a prior estimate of 4.7 percent in a report titled “Someone say house party?”