Gordon Crovitz, Co-Founder, Journalism Online; former Publisher, The Wall Street Journal
Mark Buckland of City Ventures predicts that U.S. housing prices in urban areas will be "flat to slightly up" this year. At left is Donald Brownstein of Structured Portfolio Management, and at right is Ross DeVol of the Milken Institute.
Where are single-family housing prices headed one year from now?
Experts on the housing overview panel made this and several other predictions. View the video for their opinions on financial regulation, what will happen with home sales in the coming years, how immigration will affect the market and whether the next generation will see housing as shelter or an investment.
As for home prices, here′s what the panelists said.
Larry Mizel of MDC Holdings Inc.: For new homes, "flat to trending down, with a slight degree of inflation for those products that are creating real value to the consumer when they buy it."
Donald Brownstein of Structured Portfolio Management: "I′m going to use a quote, I think it was J.P. Morgan, who was asked about what′s going to happen to the stock market. ‘It′s going to fluctuate.′ … That′s what prices should do, right?"
Mark Buckland of City Ventures: In the urban parts of the United States, "flat to slightly up."
Lewis Ranieri of Hyperion Private Equity Funds: It will depend on the region. As much as 6 percent to 7 percent higher in some areas and as much as 6 percent lower in others.
Ross DeVol of the Milken Institute: Up in some places, down in others, but overall up 2 percent.
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
