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Analysts say there will be no property price increase in the US for several years
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The rate at which residential property prices are dropping in the US may be slowly coming to a halt across the country but are unlikely to rise in the near future, according to analysts.
Experts at Barclays Capital are predicting that there is only a 4 or 5% dip in prices left to go before stabilization. But the rate of appreciation on the back side of that bottoming out is likely to muddle along for the next few years, they say in a new report.
Their conclusion is based on expected aftershocks of the ‘smoothed-out’ housing supply model, where millions of potential foreclosures are being averted temporarily with government backed programmes or by suppliers slowing the rate in which foreclosures hit the market.
On a more positive side, they also say that this effort actually prevented property prices from falling considerably more than they did.
Their conclusion is based on expected aftershocks of the ‘smoothed-out’ housing supply model, where millions of potential foreclosures are being averted temporarily with government backed programmes or by suppliers slowing the rate in which foreclosures hit the market.
On a more positive side, they also say that this effort actually prevented property prices from falling considerably more than they did.
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