Pessimism pervades the housing market. Every major group with credibility that analyzes the housing market is predicting further price declines. The only group forecasting price increases is the the NAr (PDF of NAr forecast). What a surprise. The clueless shills at the NAr couldn’t bring themselves to give an accurate forecast, so instead they manipulated the numbers to come up with a tiny price increase in 2012. In addition to the eight groups projecting price declines (S&P Case-Shiller -3.7%, LPS [Read More...]