NEW YORK CITY-Moody's Analytics has reported that the prices ofhomes could decline by 20% and could recover only after 2012 if theeconomy slips back into recession again. The chances of recessionhappening again have increased from 20% to 25%.
However, the most probable scenario is that the prices wouldfall 5% as the economy grows at 3%. Values of homes are currently29% below the peak set on July 2006. For the full story, goto The Detroit Free Press.
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