It’s already hit bottom, and is heading up again.
From DS News
Experts surveyed by Zillow expect home prices to decline slightly in 2012, and predict they will bottom in 2013, according to the June 2012 Zillow Home Price Expectations Survey. The survey was comprised of 114 respondents with various backgrounds including economists, real estate experts, and investment and market strategists. Respondents predicted home prices will fall 0.4 percent in 2012, and then rise by 1.3 percent in 2013. Zillow Chief Economist Stan Humphries commented that the convergence of expectations among economists lends further support to the claim that a bottom is real. » Read More
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