Saturday, December 31, 2011

Analyst: Home price declines coming, but that could be a good thing

If banks ramp up next year and begin moving backlogged foreclosure inventory onto the market, homeowners and buyers could see further home price drops and those declines could go as deep as 10% to 15%, said Lance Roberts, CEO, economist and chief strategist at Streettalk Advisors.
Yet, Roberts in his forecast for 2012 adds a bit [...] Analyst: Home price declines coming, but that could be a good thing:

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