Economists See More House Price Declines

Washington, DC, July 7, 2011 -- Housing prices are likely to keep falling the rest of this year, and probably won't show much improvement next year, according to a CNNMoney survey of economists.

Of the 22 economists who had predictions for the Case-Shiller home price index, the median forecast was for a 3.9% decline in the second quarter compared to a year earlier, and a 2.9% drop in prices over the course of the full year.

Only three economists expect prices to rise this year.