By year 2015, U.S. homes will be worth about twice the value they are today, predicted Dr. Dennis Torres, director of real estate operations and a professor at Pepperdine University. He also believes home values will be three times today’s values in 2018.

Persons looking to buy a home should do so now, since durable goods, real estate, cars, machinery and other essentials will increase in value considerably more than the cost of living over the next several years, Torres said. Salaries will fail to rise, which will make it difficult for a person to buy a home in 2015, he added.

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