Predict 40 percent overall decline in the prices of U.S. homes by mid-2010

House price in the United States will mark the two-digit decline has decreased to levels which will lead to a total reduction of 40 percent until the second half of 2010, the peak will occur when the process for withdrawal of property, estimated to Barclays Capital economist Michelle Meyer .
Maier published prediction two days after it came out data on indices of housing prices in the U.S. Standard & Poor’s / Case-Shiller – April they reported an annual decrease of 18.1 percent versus 18.7 percent for March 20 in megapolisa . Indexes track the prices of family homes in the U.S. by 1987
„While it has early signs of improvement, the housing market is unlikely to have a balance for some time. Housing prices will probably continue to fall, albeit with growth retardant is, even after the economy technically out of recession „, it says in its report cited by Reuters.
House price in the country have lost 32.6 percent from its peak three years before, according to the S & P / Case-Shiller. This means that on this basis they will have to fall by another 11 percent, to realize the overall reduction of 40 percent from peak to bottom.
It is possible that further reductions threaten urban areas, which have not yet felt the worst of housing crisis in the country.
Meyer thinks that deals with housing already reached its bottom, based on data from a joint study of University of Michigan and Reuters, as consumers believe that because of low prices and interest rates now is a good time to buy a home in the country.
It expects sales of existing U.S. homes should be increased to 5.41 million units in 2010 from 4.75 million in 2009, but these new homes to rise to 440 thousand to 350 thousand.

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