21 Jun
Where Housing Will Be in 2012
Home prices are likely to fall for the next year, then stabilize, with a rebound in 2012 as the overall economy takes off again
Americans have not seen a boring housing market since the last millennium. You know—the average, ordinary kind of market where supply just about matches demand, prices are steady, and real estate ceases to be a topic of daily conversation. Instead, we’ve had six years of upside craziness followed by three years of downside terror. Now we’re in a tug-of-war between those who think we’ve finally found a bottom and those who are convinced that the overhang of unsold homes is going to push prices considerably lower.
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