2011 predicted to be Low Point in Housing Prices

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> Survey Points to 2011 Bottom for Home Prices but
No Strong Gains


After the headline news that home prices double-dipped, forecasters are
predicting a 2011 turning point for the U.S. housing market, according to
the investment and risk management firm MacroMarkets. The company polled 108
economists and real estate experts this month to gauge their predictions.
Nearly two-thirds believe the bottom for home prices arrived in the first
quarter or will arrive sometime before year-end. The consensus, though, is
that we should not be expecting a rebound in home values, but rather a level
of price stability.
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SUNIL SETHI REAL ESTATE

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