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.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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