5 housing trends for the next 3 months

Home prices will continue to fall, and fewer people will buy
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House prices are likely to continue falling in many major markets, according to PMI, a mortgage insurer based in Walnut Creek, Calif. PMI's quarterly housing risk index predicts that in 32 of the top 50 metro areas, house prices will be lower in two years than they are now.

The MBA projects sales to fall off after June, even though summer is the traditional homebuying season. Koss, of Mortgage Network, worries that "it's going to be a long, quiet summer."




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