Most U.S. housing analysts now expect the market to hit bottom some time in 2012, marking yet another delay in the predicted rebound in nationwide home prices. According to the Wall Street Journal, a new survey by Robert Shiller’s MacroMarkets polled 111 economists and analysts, of whom just one one-third now believe home prices will rebound this year. When the company conducted the same survey last June, respondents predicted a 1.3 percent increase in home prices in 2011. Now, those respondents see that increase happening in 2012. One-half of respondents in the latest survey expect further price declines for the remainder of 2011. Among the most sobering responses came from Dean Baker, co-director of the Center for Economic and Policy Research, who said he expects an 11 percent home price decline this year, and doesn’t see prices flattening until 2015. [WSJ]
U.S. housing analysts: market bottom in 2012
March 22, 2011 02:33PM
March 23, 2011 at 1:54 pm, Anonymous said:
There is housing as a whole and then there are a multitude a differnt markets. Not only location but price, size, new, used etc. So who knows? Not anybody. But the margins will get tighter and tighter and maybe we’ll see that written in stone, non neg 6% realty fee start to come down to help investors move the deals.
March 23, 2011 at 1:57 pm, Anonymous said:
Oh and Robert Shiller should have somebody look at his out of whack neck. He needs to do an analysis of his posture. Which could prove to be more important. Just saying.
March 24, 2011 at 7:02 pm, Anonymous said:
And, realtors should work for peanuts while investgors make their come backs – do you know how many hours go into a sale
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We need to have Realtors drive the transaction.
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