Home Price Declines Not Over, Fiserv Says

New York, NY, Aug. 8, 2012 -- Fiserv is predicting that home prices nationwide won't hit bottom until next spring, despite improvement in many markets this year.

Fiserv's forecast, which tracks 384 markets, says nationwide home prices will fall another 1% between March of this year and March 2013, when prices will start an uptrend.

The firm says at that point prices will rise 5% over the next year.

Some markets that have seen the biggest price gains in the last year are projected to fall the most.

And Fiserv noted that prices still have a long way to fall in many parts of Florida, where it sees declines of nearly 14% in some areas over the next two years.