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March 2013

Found 12 blog entries for March 2013.

The great thing about predictions is that, after some time has passed, it’s possible to see which ones were right, and which ones were not.

For several years, economists and housing analysts have predicted a housing bottom, but few forecasts at the beginning of 2012 foresaw the magnitude of the rebound that the housing sector enjoyed last year. Quarterly surveys by real estate website Zillow poll around 100 economists and other housing analysts on their predictions about where home prices are headed. So how did the specialists do last year?

Looking at the survey from December 2011 shows that around 42 panelists saw prices declining on a year-over-year basis in 2012. The other 52 said prices would either rise or remain flat in 2012. Panelists base their…
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