CNN Survey - Housing Prices: No Rebound in Sight

NEW YORK (CNNMoney) -- Housing prices are likely to keep falling the rest of this year, and probably won't show much improvement next year either, according to a survey of economists.

A CNNMoney exclusive survey of 27 economists showed the battered housing market is facing myriad problems and won't turn around anytime soon.

Of the 22 who had specific predictions for the closely watched Case-Shiller home price index, the median forecast was for a 3.9% decline in the second quarter compared to a year earlier, and a 2.9% drop in prices over the course of the full year.

Only three economists expect prices to rise this year

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