This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

US Economics Predict Recovery in 2011

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



United States  Reuters  US Property Market  Raymond James  Scott Brown  Homebuyer Tax Credit 

US Economics Predict Recovery in 2011

By - Thursday 10 February 2011

Home values in the US will continue their decline until the middle of 2011 before starting on the road to recovery in the final six months of the year, a new poll conducted by Reuters has suggested.

Canvassing the opinion of 26 of the leading US-based economists, over half said that they believe that the market would hit bottom this year in either the second or third-quarter.

"A pullback in prices following the expiration of the homebuyers tax credit was not a surprise. Ultimately, a recovery in the housing sector will depend critically on the job market, which should improve over time," Scott Brown at Raymond James told the news provider.

In terms of property values, the Reuters poll found that when asked how much further prices would fall before stabilising, the average response was by another 3.3 per cent on current levels. However, two economists predicted further declines as high as ten per cent.

House prices in the US are at a reasonable level, it was suggested. When the experts were asked to rate current prices on a scale of one to ten - where ten represents overvalued and one means undervalued – the majority of those questioned gave the answer four, five or six. 

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus