Analysts at Morgan Stanley predict a 5% to 8% decline in home prices between the fourth quarter of 2013 and the first quarter of 2014.
In its latest report on the state of housing, they expect a prolonged bottom, with post-trough home prices growing mainly at the rate of the consumer price index.
Among nondistressed homes, prices will fall 5% to 10%, they said, notwithstanding historically high affordability metrics, driven mainly by continued constraints on mortgage credit availability.
Read More: Morgan Stanley: Home prices will fall another 5% to 8%
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.