This is down right optimistic about home prices.
Twenty economists predicted home prices would rise; 24 predicted a decline; and 8 predicted gains greater than 2.1 percent.
Curb your enthusiasm, however.
Analyst Ethan S. Harris of Lehman Brothers says he expects price declines next year to be confined to “bubble” markets, such as those in Florida, California, and cities in Nevada and Arizona, where large numbers of investors have inflated prices.
Anyway, gains of “greater than 2.1. percent” are terrible by historic standards but given recent expectations… not too shabby.
Here’s another article on the same report.