Diana Olick: Real Estate
5. Spring will tell.
Grade: B
The season was muted — at best. Sales didn't surge, nor did they plummet. The robo-signing foreclosure issues really skewed the numbers, as well as damaged consumer sentiment. Home prices gained seasonally, slightly, but fell back again. The tight mortgage market, along with appraisal accuracy issues, plagued real growth.
Look for most of 2011's trends to continue; home prices will fall while foreclosures, delinquencies and rental prices will rise.
