Economists Say Home Prices Have Already Hit Bottom

Home prices in the United States found their floor during the early part of 2010 and are expected to begin trending upward next year, according to a panel of elite economists surveyed by the National Association for Business Economics (NABE) for its October 2010 Outlook. “The housing recovery is intact, but tepid overall. Home prices …

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Smaller Percentage of Homeowners Underwater in Q2

The percentage of borrowers underwater on their mortgage declined during the second quarter, but that welcome change of pace could come to an abrupt end as home values are again beginning to fall in markets across the country. The real estate data provider Zillow reported Monday that negative equity — which refers to the percentage …

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