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Home prices will fall another 15pct: Analyst

Posted on 25 August 2011

The already-struggling housing market has another 15% decline in home prices already priced in, according to Stifel Nicolaus analyst Michael Widner.
Widner believes the sentiment is “overly pessimistic,” but “it is unclear to us what near-term catalyst might improve visibility.” He added that “unusually unclear visibility and lack of willingness to own the group given that lack of clarity” has kept valuations among homebuilders cheap across the sector……………………………………….Full Article: Source


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