Housing Prices Still Falling

The housing market has not bottomed out quite yet, according to 27 economists recently polled by CNNMoney.

Most of the economists surveyed predicted continuing declines in house prices this year followed by slight increases in 2012. The survey forecasts the next Case-Shiller home price index will show a 3.9 percent year-over-year decline in house prices compared to the second quarter of 2010.

The economists predicted an average 2 percent increase in house prices for 2012, though six of the respondents said prices will continue to go down next year.

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