Home prices will manage a small gain in 2010 after the worst crash since the Great Depression but gains in coming years are likely to come slowly, a Reuters poll found. Home prices, as measured by the Standard & Poor's/Case-Shiller 20-city index, should rise 1.4 percent this year and 3 percent next year, breaking three years of sharp declines, according to the median forecast. Home prices in the Dallas/Fort Worth market have increased 2.65% this year, compared with last year, according to the current Case-Schiller Index.
Three-quarters of the economists polled said it was possible that average prices would return to where they were in 2006 before the crash, which would require a rise of more than 40 percent, but that may not happen for some time.
Source: Reuters, May 20, 2010
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