Tuesday, March 22, 2011

Home-Price Outlook for the Year

The Wall Street Journal today published the results of a survey of economists and housing analysts conducted earlier this month by MacroMarkets. Among those surveyed was Abdullah Yavas, professor of real estate and urban land economics at the Wisconsin School of Business.

The quarterly survey shows how attitudes for a housing recovery have soured: Last June, economists expected prices would gain by 1.3% this year. “The sentiment among our expert panel regarding the U.S. housing market outlook continues to deteriorate,” said Robert Shiller, the Yale University housing economist who co-founded MacroMarkets.

Around one-third of panelists expect home prices to increase in 2011. Bill Cheney, chief economist of John Hancock Financial, and Abdullah Yavas, and professor of real estate at the University of Wisconsin, are calling for a 3% annual gain.

"No Home-Price Recovery This Year," WSJ, 3/22/11
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2 comments:

  1. HamptonsRealEstateJune 27, 2011 at 4:19 PM

    Real estate statistics depends on the location. However, the value of a real estate property never depreciates. Therefore it is always wise to invest on it.

    ReplyDelete
  2. Christopher PiaDecember 23, 2011 at 2:26 PM

    This is an interesting article. Im not sure how I came across a real estate article, but interesting read.

    ReplyDelete

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