The Washington Post
For the first time in two years,
U.S. consumers expect home prices to fall over the next 12 months. An August survey by Fannie Mae found that respondents see a 0.4 percent decline in housing prices compared with the prior month’s expectations for a 1.9 percent increase. Consumers also anticipate that rental price growth will slow, with yearahead expectations dropping nearly two percentage points, the steepest slide in data back to 2010, according to the survey released Wednesday.