Average home prices in the Sacramento metro area rose 6.1 percent last year, but they'll decline 5.4 percent by this fall, according to Brookfield, Wis.-based Fiserv Inc., a global technology provider serving the financial services industry.
The Fiserv Case-Shiller Indexes, which track home-price trends in more than 380 U.S. metro markets, said Sacramento-area prices will then see a 10.4 percent growth spurt between this year's third quarter and the third quarter of 2014.
The marginal home-price downturn projected by Fiserv this year is counter to projections made by other residential real estate analysts who cite high demand and low home inventory throughout the region.
Fiserv projections are based, in part, on Federal Housing Finance Agency data.
Nationally, Fiserv projects home prices will increase 0.6 percent from last year's third quarter to this year's third quarter.
Call The Bee's Mark Glover, (916) 321-1184.