Yes, home prices are expected to grow. And a recent October 2014 survey by the National Association of Realtors shows by how much.

Thanks to the combination of rising inventory and modest expectations for demand growth, Realtors expect home prices to increase only modestly in the next 12 months.

The rate varies across the nation but the median price increase is about 3% and never goes above 5%.

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This chart shows home price expectation over the next 12 months