22.03.2012 - Economists temper housing recovery expectations
Economists expect home prices to fall 0.7 percent in 2012, which is more negative than their previous expectation of a 0.2 percent decline, according to the March 2012 Zillow Home Price Expectations Survey, compiled from 104 responses by a diverse group of economists, real estate experts and investment and market strategists. The survey, sponsored by leading real estate information marketplace Zillow, Inc. and conducted by Pulsenomics LLC, is based on the projected path of the S&P/Case-Shiller U.S. National Home Price Index during the coming five years. (Press Release)