Analysts Predict More Declines before Turnaround
Daily Real Estate News | November 1, 2010
Analysts are saying that more home-price declines are on the way.
Market analytics firm Fiserve predicts a 7.1 percent decline in prices through June 30, 2011.
Mark Zandi, chief economist with Moody’s Analytics, forecasts an 8 percent drop in home prices through the third quarter of 2011, putting the total peak-to-trough decline at 34 percent. After mid- 2012, he sees prices increasing due to low costs, rising employment and available mortgage loans.
Source: CNNMoney.com

