The residential real estate prices dropped more than forecast in the year ended September 2011 in America.
The S&P - Case-Shiller index of property values in 20 cities dropped 3.6% in September from the same month in 2010 after decreasing 3.8% in the year ended August.
The median forecast of 32 economists in a Bloomberg News survey projected a 3% decrease.
In America unemployment at 9% tight lending standards and a looming supply of distressed properties that may drag down house values further will probably keep hurting home demand into next year (2012). Experts expect, continue to home prices to fall through mid 2012. Because of an oversupply of existing houses.
The S&P - Case-Shiller index of property values in 20 cities dropped 3.6% in September from the same month in 2010 after decreasing 3.8% in the year ended August.
The median forecast of 32 economists in a Bloomberg News survey projected a 3% decrease.
In America unemployment at 9% tight lending standards and a looming supply of distressed properties that may drag down house values further will probably keep hurting home demand into next year (2012). Experts expect, continue to home prices to fall through mid 2012. Because of an oversupply of existing houses.
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