Daily Real Estate News  |  November 1, 2010  |   Share

Analysts Predict More Declines Before Turnaround
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 Les Christie (11/01/2011)

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