Analysis: Real Estate up 12% by 2014
One of the analysts who predicted the recent housing downturn, Yale economist Robert Shiller, has conducted a recent survey of 92 economic, real estate and market analysts through his market growth company MacroMarkets LLC. The survey found a wide variety of views but overall came to the conclusion that the market will increase by 12.4% by 2014.
“The survey results are important because they represent a consensus view among experts with rich and diverse knowledge,” he said in a Business Insider report. “However, there were a number of panelists more or less sanguine than average, some significantly so, and this reflects continuing volatility and risk in the U.S. housing market. It will be interesting to see how panelist views evolve in future months.”
Read the whole thing here.