Tuesday, November 16, 2010

Standard & Poor's analysts believe home prices will drop between 7% and 10% through 2011

From Jon Prior at HousingWire: S&P predicts more home price declines through 2011


Standard & Poor's analysts believe home prices will drop between 7% and 10% through 2011 ...

"Low mortgage rates ...influence on home buying activities has been limited due to the weak housing market and a lack of demand," S&P credit analyst Erkan Erturk said. ...

Prices will continue to be pressed down as long as the market works through a backlog of distressed properties that remains elevated. Bookmark and Share

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