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"We see little prospect that any policy action will meaningfully impact the housing outlook over the next year"
- Sam Bullard, senior economist at Wells Fargo
U.S. house prices will probably remain unchanged through 2012 and start recovering in 2012, believe economists polled by Reuters. Surveyed experts also consider that additional stimulus will no do much to revive consumer confidence and attract new home buyers.
"We see little prospect that any policy action will meaningfully impact the housing outlook over the next year," said Sam Bullard, senior economist at Wells Fargo.
"Unfortunately, a sustained improvement in housing will not likely get underway until the mountain of foreclosures is cleared and the price discovery process plays out."