Case-Shiller

Fiserv Sees Housing Market Stabilization in 2012 

Despite a double-dip in home prices that begin last year and continued through the first quarter of 2011, the Fiserv Case-Shiller Home Price Indexes are projecting home prices to begin stabilizing in early 2012.   With an average first quarter price decline of 5.1% across the nation, home prices continued to be dragged down by slumping demand, and a jump in foreclosure sales that were temporarily stalled by foreclosure processing issues that arose at the end of 2010. "The stabilization of housing markets depends greatly on household confidence in the strength of the economic recovery," said Fiserv Chief Economist