eNote

Home Prices Likely to Decline 5 Percent in 2009: Forecast 

Prices are expected to decline 5 percent on new homes and from 5 to 10 percent on existing homes, analysts at Keefe, Bruyette & Woods said on Tuesday in a research outlook for 2009. Within the somewhat gloomy outlook, however, came at least a bit of hope: KBW also projected home and asset prices to bottom out in 2009, meaning the crisis might begin to resolve by the very end of next year.