Recent reports and economists have suggested that the U.S. has hit its bottom when it comes to real estate price drops plaguing our country for the past 5 years. NAR's first quarter report of 2012 show that final sales prices have risen in about 50 percent of the areas it analyzes, compared to a mere 19 percent in the fourth quarter of 2011.
David Stiff, Chief Economist of Fiserv, said “We expect that home prices, which generally lag changes in sales activity by nine to12 months, will stabilize by the end of this summer and then rise at an annualized rate of 3.9 % over the next five years,” indicating the strong prediction that 2012 will be the end of price drops.
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