Although some local real estate markets are stable or strong, more broadly, fundamentals in the U.S. housing market remain very weak, despite record-low interest rates, according to the results of the September 2011 home price expectations survey, issued by financial technology company MacroMarkets LLC.
The report, compiled from 111 responses of a diverse group of economists and other experts, found that home prices are expected to grow at a mere 1.1 percent nominal average annual rate through 2015. The findings are based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years.
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