Elliott Pollack - Ahwatukee Foothills News: Valley And State

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Elliott Pollack

Economist Elliott Pollack said Wednesday that home prices should increase by 2014 by up to 60 percent from where they are today. But he said that is still 30 percent below where they were at the peak, meaning people who bought their homes in 2005 and 2006 may still be ``under water,'' owing more on their houses than they are worth.

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