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According to the latest REALTORS® Confidence Index survey, a small majority of respondents expect the home price outlook for the forthcoming 12 months to be constant or rising. These observations mirror current developments around the country—a number of markets have achieved stability, while others continue to experience price pressures. Most forecasters expect home prices to achieve stability in the next year, some predicting sooner and some predicting later.
The future outlook for home prices and sales will continue to be strongly dependent on the economic recovery and job creation. Up to this point, the experience has been slightly positive but clearly mediocre.
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