U.S. housing market remains stagnant: survey

U.S. home prices may rise this year at the slowest pace in more than half a decade, as the supply of single-family homes rises and higher mortgage rates restrain activity in an already-expensive market, a Reuters poll of housing analysts found.

The latest survey of nearly 40 housing analysts and economists polled Feb. 13-25 suggests a Federal Reserve rate guidance - where rates look to remain on hold - has given no boost to the outlook. It is likely, therefore, that the housing market will make no major positive contribution to extending an economic expansion.

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