From the KCM Blog: "The Experts Look at Home Prices in 2010"
Monday, May 24, 2010
Trying to determine where home prices will be at the end of the year is no easy task. MacroMarkets surveyed 92 economists and other housing analysts as to where they see home values as measured by the S&P/Case-Shiller national index. MacroMarkets, LLC is a company co-founded by Professor Robert Shiller who also founded the well respected price index used in the survey.
Here are some of the more interesting results of that survey (available to WSJ subscribers here):
Of the 92 experts only 77 allowed their predictions to be made public. Another three didn’t voice an opinion on prices for the remainder of 2010. The results:
