Most forecasters are predicting a 2011 turning point for the U.S. housing market, even after the March home prices double-dip news hit, according to the investment and risk management firm MacroMarkets. Robert Shiller, namesake of the closely-watched Case-Shiller Home Price Index, is co-founder and chief economist for MacroMarkets.
The New Jersey-based company polled 108 economists and real estate experts this month from BBVA Research, George Mason University, and Wells Fargo to gauge their predictions.
Nearly two-thirds of the panelists believe that 2011 is the “turning point” for the housing bottom, with the actual bottom hitting in the first quarter of 2011. Shiller pointed out that the consensus among the panelists would best be described as a forecast of price stability rather than a rebound. He said a “significant majority” of the panelists would label the end to the free-fall days as a crossroads for the U.S. market.
Terry Loebs, MacroMarkets managing director, said, looking at expected housing market performance through the five year period ending 2015, the most optimistic quartile of panelists projects 15.3 percent average price growth.
This is welcome news to investors and buyers looking to make profits in today’s foreclosure market by hunting, flipping and investing. The buying has never been so great and the opportunities to make $30,000-$50,000 per deal, per month, have never been so high. Find out how you can get started, Tomorrow, 6pm PDT (9pm EST) in our Live, Free Webinar “Hunting, Flipping and Investing: Learn Free Foreclosure Strategies that are Working Today”. You must register to gain your login access. or
Similar Posts:
- 5 Experts say Now is the Time to Buy
- Foreclosure Starts at Lowest Level Since 2008
- Lenders Drop Bids by 37%
- Foreclosure News February 2012
- Investors to the rescue of housing market
0 Comments.