Home prices ‘bottoming now,’ BofA Merrill Lynch analysts say

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Things look better on the local North Shore and national home front now compared to late last year, notes Bank of America Merrill Lynch, which revised its home price forecast Thursday to say "prices are bottoming now.". This week the Illinois Association of REALTORS reported a Chicago-North Shore area surge of activity in February and especially on Leap Day which drove home sales to even.

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The so-called Fed put still exists, say analysts at Bank of America Merrill Lynch. They estimate another 10% drop by stocks below last week’s lows would see.

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"Prices are bottoming now," according to a Bank of America Merrill Lynch forecast, released this week. In the fall, the analysts had predicted home prices would drop by 8 percent from the second quarter of 2011 through the first quarter of 2013 – but now they’re revising that forecast, realizing the housing market is stabilizing faster than they originally thought.

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Federal realty investment trust (NYSE:FRT) Bank of America merrill lynch. prices because we create value there over that time, it also includes the condos that we just talked about. So those sales.

Jay Cohen – BofA Merrill Lynch – Analyst Let me throw one more at you while I have the mic here. Brian MacLean – The Travelers Companies, Inc. – President and COO Sure. Jay Cohen – BofA Merrill Lynch – Analyst Workers’ Compensation, this was an issue, I want to say, about six or five quarters ago with frequency going up. This last quarter, you.