Industry NewsMarkets & Economy

More analysts expect double dip

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Nearly half of economists, real estate experts and investment strategists polled by MacroMarkets LLC this month said they now expect national home prices to "double dip" this year and hit a new post-crash low.MacroMarkets polls more than 100 housing experts with a wide range of views, including FusionIQ CEO Barry Riholtz, 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. In December, only 15 percent of the panel said they expected home prices to double dip.Now, with national home prices less than 1 percent away from establishing a new post-crash low, on average the panelists expect that national home home prices will fall by 1.38 percent in 2011, before appreciating by 1.26 percent in ...