Fiserv Predicts Home Prices to Drop Another 4.9% in Year Ahead

Despite recent increases in a number of the industry’s home price measurements, and even an uptick in the company’s own index of residential property prices, Fiserv Inc. says the gains will be short-lived. The Wisconsin-based information technology firm is forecasting home prices to fall by nearly 5 percent more over the next 12 months.

According to the Fiserv Case-Shiller Indexes, which covers trend data in 384 U.S. markets, single-family home prices in the United States rose 2 percent in the first quarter of 2010 compared to a year earlier, Fiserv reported Thursday

Read More: http://bit.ly/arNUZp