2011 Seen as ‘Turning Point’ for Home Prices

Taken from the Inman News, Tuesday, July 5, 2011.

house_prices_4More than half of economists, real estate experts and investment strategists polled by MacroMarkets LLC in Junesaid they now expect national home prices to hit a bottom sometime in 2011 and remain stable through 2015.

M milf porn acroMarkets polls more than 100 housing experts with a wide range of views, including FusionIQ CEO Barry Ritholtz, Moody’s Analytics economists Mark Zandi and Celia Chen, National Association of Realtors Chief Economist Lawrence Yun, Freddie Mac Chief Economist Frank Nothaft, and Rosen Consulting Group’s Kenneth Rosen.

Panelists are asked to project the path of the Standard & Poor’s/Case-Shiller U.S. National Home Price Index over the coming five years. Robert Shiller is MacroMarkets’ chief economist and co-founder.

"A significant majority of our panelists believe that the bottom for home prices arrived in the first quarter or will arrive sometime before year-end. Despite persistent macroeconomic uncertainty and unprecedented housing market dysfunction, almost two-thirds of the panelists see the U.S. residential real estate market as at an historic turning point," Shiller said in a statement.

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