According to an article on INMAN News, and the website "MacroMarkets", more than half of economists, real estate experts and investment strategists said they now expect national home prices to hit a bottom sometime in 2011 and remain stable through 2015. MacroMarkets polls more than 100 housing experts, including FusionIQ, Moody's, National Association of Realtors, and Freddie Mac. According to a statement by MacroMarkets' chief economist, "A significant majority of our panelists believe that the bottom for home prices arrived in the first quarter or will arrive sometime before year-end. Despite persistant macroeconomic uncertainty and unprecedented housing market dysfunction, almost two-thirds of the panelists see the U.S. residential real estate market as at an historic turning point."
For more information, check out MacroMarkets and INMAN NEWS
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