U.S. home prices are expected to rise about 3 percent a year from 2013 to 2016, according to real estate broker Zillow, but first they will keep dropping through late 2012 or early 2013, Bloomberg News reported.
The near-term news from Zillow is decidely less upbeat, though it could be worse.
"According to analysis of recent Zillow Real Estate Market Reports, U.S. homes are expected to lose more than $681 billion in value during 2011, which is 35 percent less than the $1.1 trillion lost in 2010," the company said.
