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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: