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U.S. House Prices Should Generally Rise Going Forward, But Not Without Some Dips Jul 12

Standard & Poors, July 2012

Abstract
U.S. home prices started to rise in recent months, and Standard & Poor's Ratings Services expects this to continue into the summer, given the seasonal trends of the past few years. We don't expect this rise to be uninterrupted, however. Prices will likely dip again later this year as newly foreclosed properties reach the market, and then pick up again slightly next year. Looking at the big picture, the U.S. economy is growing too slowly to have any boosting effect on the housing market at this time. Economic factors, such as weak employment growth and the Euro debt crisis, could somewhat thwart the housing recovery. Additionally, the U.S. fiscal cliff could be a key risk if Congress does not reach...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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