Wednesday, December 22, 2010

Flat home prices expected for 2011

Economists expect home prices to be flat in 2011 after declining about 1% in 2010:
Home prices won’t show any year-over-year appreciation in 2011, according to the latest average of 110 forecasts from economists and housing analysts surveyed by MacroMarkets LLC.

The survey shows that economists expect home prices to fall by 0.17% in 2011 as measured by the S&P/Case-Shiller index of home prices in 20 U.S. cities. The average forecast for 2010 calls for the Case-Shiller index to ultimately show that home prices ended the year down 1.13%.

Overall, economists expect home prices to rise by 7.2% over the five-year period ending in 2014. In May, that forecast called for a 12% rise in prices over the span.
Posted by at 8:28 PM

4 comments:

  1. AnonymousDecember 23, 2010 3:04 PM

    "Anonymous said...
    @ANON

    Yeah...keep telling yourself you're different...enjoy the way down...it happens to everyone."

    Will do. I can only hope the rest of the ride will be as fun as the last 18+ months of home prices per case shiller

    Mar 166
    Apr 167
    May 169
    Jun 173
    Jul 176
    Aug 180
    Sep 181
    Oct 180
    Nov 179
    Dec 179

    2010
    Jan 177
    Feb 177
    Mar 175
    Apr 180
    May 183
    Jun 186
    Jul 188
    Aug 188
    Sep 189

    Yep been enjoying the way "down" from 166 to 189...I love it!!!

    BWAHAHAHAHAHAHAHAHA!!!

    ReplyDelete
  2. AnonymousDecember 23, 2010 11:30 PM

    The only reason the decrease has not gone below 166 is because the Fed stepped in to salvage the housing industry. Your celebration is premature. Have you noticed 30 year bonds' rates increasing despite quantitative easing? As demand for those instruments continue to deteriorate, rates will rise and home values will adjust. Enjoy the "breather".

    ReplyDelete
  3. AnonymousDecember 24, 2010 5:35 PM

    The only reason the decrease has not gone below 166 is because the Fed stepped in to salvage the housing industry. Your celebration is premature. Have you noticed 30 year bonds' rates increasing despite quantitative easing? As demand for those instruments continue to deteriorate, rates will rise and home values will adjust. Enjoy the "breather".

    *click*

    Saved and stored. This will be a fun quote to throw back in your face for the months and years to come!!!

    Merry Christmas!!!

    ReplyDelete
  4. AnonymousDecember 26, 2010 11:45 AM

    Rising rents will help stall the decline in DC area, I suspect.

    ReplyDelete

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