>
JPMorgan Forecasts Another Drop in Home Prices
JPMorgan Chase is forecasting another 4 to 5 percent drop in home values over the next 12 months.
In its June 2011 Home Price Monitor Report, the bank lowered its base home price forecast to a level that’s 37 percent under peak price levels.
The financial-services firm blames its lowered price expectations on a supply-and-demand imbalance, as well as anemic consumer demand and disappointing economic reports.
https://www.cnbc.com/id/43354054
