| Nominal US House Prices are forecast to fall by 30% from the Mid 2006 peak by the end of 2010, or a further 11% on the decline of 19% to date. US house prices will continue falling in real-terms even if a low in nominal house prices is made by mid 2010.
The forecast for the Case shiller index to fall from 181.5 down to 158.7 over the subsequent 2.5 years, compares against the actual October 2010 index of 157.50, which virtually matches forecast expectations. Whilst the actual trend was more severe with the original support trendline containing the decline and subsequent uptrend...............................................Full Article: Source
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