The decrease in U.S. home prices probably eased further and consumer confidence climbed, showing the biggest part of the economy is recovering heading into 2010, economists said before reports today.
Property values in 20 metropolitan areas probably fell 7.2 percent in October from a year earlier, the smallest 12-month drop since 2007, according to the median forecast of 31 economists surveyed by Bloomberg News. Sentiment improved in December for a second month, another report may show.
Read Bob Willis’ full article “Home Prices in U.S. Probably Fell at Slower Pace, Confidence Up” in Bloomberg (December 29, 2009).