Home Prices Are Poised to Drop As Housing Market Thaws, 2 Experts Say

• US home prices may decline, Moody’s chief economist Mark Zandi and Redfin CEO Glenn Kelman said.
• Price drops may be needed to thaw the housing market, which could take years, Zandi said.
• Kelman expects home prices to drop next year, as listings are up and sellers are cutting prices.

House prices may be headed lower, dealing a blow to sellers but providing