(Reuters) - A poll conducted by the Boston Consulting Group found that 55 percent of Americans believe their house would sell for more money now than last year, compared with 59 percent who felt the same way last summer. Eighty-five percent expect their home to be worth even more in five years than it is now.
"It's a reasonable expectation. Markets neither boom nor bust forever," said David Berson, the chief economist with mortgage finance company Fannie Mae. "We're in a down period now, and I don't think it's going to end any time soon, but it will end long before five years is up."
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"It's a reasonable expectation. Markets neither boom nor bust forever," said David Berson, the chief economist with mortgage finance company Fannie Mae. "We're in a down period now, and I don't think it's going to end any time soon, but it will end long before five years is up."
Read more at Reuters.com Business News
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