Home Prices Expected to Drop in 2010

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Real estate forecasters say home prices will continue to drop next year.

They predict the average home price will go down 11 percent.

Economists say the declines are coming because the foreclosure crisis is not over.

Forecasters believe Miami, Orlando, and Las Vegas will be hit hardest with house prices in those markets dropping 27 percent.

The housing market is the main catalyst of the U.S. recession.


 

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