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Reuters economists: housing prices expected to rise in 2012
The struggling U.S. housing market is expected to fall a little further as it searches for a bottom, but home prices are seen ticking up modestly in 2012.
home sales, housing market, real estate market, new home sales
The struggling U.S. housing market is expected to fall a little further as it searches for a bottom, but home prices are seen ticking up modestly in 2012, according to a Reuters poll released on Friday.
Economists were divided on whether the worst would be over for the housing market by the end of the year or if it will take more time to reach a floor.
Existing home sales are expected to improve modestly. A recovery in the housing market is dependent on improvement in the labor market and broader economy, analysts said.
For more information: www.reuters.com/article/2011/09/09/us-usa-economy-housingpoll-idUSTRE78840320110909