Industry NewsMarkets & Economy

Home prices may keep sliding into 2012

Many forecasters expect sluggish real estate recovery
Published on Dec 20, 2011

Home prices are in the midst of another slide and won't hit bottom until late next year or early 2013, according to a survey of more than 100 economists, real estate experts and investment strategists.The survey, sponsored by Zillow Inc. and conducted by Pulsenomics LLC during the first two weeks of December, asks participants to project the path of the S&P/Case-Shiller U.S. National Home Price Index over the next five years.When last published Nov. 29, the index showed that as of Sept. 30, national home prices were down 3.9 percent from a year ago, but were essentially flat from the second quarter to the third. Nationally, the index showed prices down 31.3 percent from their 2006 peak, to levels last seen in early 2003. A separate S&P/Case-Shiller home-price index showed annual declines in 18 of 20 markets tracked. The panel of experts surveyed by Pulsenomics said they expect the S&P/Case-Shiller National Home Price Index, which covers all nine U.S. census divisions, will ...

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