Posted by: Marvin Remmich | June 21, 2011

Analysts Don’t Foresee Rise in Home Prices Until 2014

Markets across the
country are in full-fledged correction mode. That combined with the prevalence
of foreclosures has analysts at the research firm Capital Economics convinced
that the double dip in home prices will continue throughout this year. In fact,
they say the structural factors that are constraining demand, such as higher
down payment requirements, probably mean that prices won’t rise consistently
until 2014. Capital Economics expects up to three million foreclosed homes to
make their way to the market over the next few years.


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