Rebound in Home Prices May Take Awhile
June 19th, 2009Housing analysts say that while sales are picking up, home prices are likely to continue dropping at least through mid-2010, and some prognosticators say until 2013.
The pessimists point to a rising number of option ARMs and Alt-A mortgages that are likely to reset in the next 18 to 24 months, leading to still more foreclosures.
"We're about two-thirds of the way through the pricing ...