FiServ released its report on home prices across 375 metro areas in the U.S.Â They state that one out of four markets has already stabilized and three out of four will see home prices stabilize by the end of 2011 - including the Minneapolis area.Â FiServ expects ALL markets will have stabilized by 2012.
From the FiServ Home Price Forecast news release:
Expected stabilization in specific markets include:
They do not the ongoing challenge for consumer credit as many potential buyers have gone through a short sale, foreclosure or had other credit challenges.Â There are millions of people who no long can participate in traditional real estate.
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