Home Prices Could Fall Further

Manufactured Home, Eric Miller PhotoFrom Housingwire, MHProNews.com learns that according to Zillow.com, home prices could fall another 0.7 percent by the end of this year. Zillow arrived at its conclusion through a survey of more than 100 economists and real estate experts. A sharper drop than expected in the fourth quarter Standard & Poor’s/Case-Shiller home price index forced many in the survey to reconsider rosier forecasts. Home prices ended 2011 down 4 percent. The most optimistic respondents expected prices to rise 1 percent. The report also noted conditions vary significantly by region.

(Photo Credit: Eric Miller)

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