U.S. Housing Price Forecast: Double-Digit Percentage Decline Still Ahead

“Housing rebound still fragile; St. Louis sales down 16% from May ‘08” - St. Louis Post-Dispatch , June 23, 2009 “Option ARMs reset threatens housing rebound” - Seattle Times , June 27, 2009 “Housing rebound continues, barely” CNN Money.com, July 1, 2009 From headlines like these, I apparently slept through the U.S. housing bottom. Then again, maybe not. From Reuters today: U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an

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