Analysts expect that American house price declines will reach 10% in 2011

According to Voice of the economy, "Financial Post" reported, and now the whole world is paying close attention to economic trends in the two countries, one is China, one is the United States. Eye-catching performance is still struggling housing market, highlighting the fragile recovery in the United States to maintain, are facing challenges.
Zhong Guangwang Beijing December 24, according to Voice of the economy, "Financial Post" reported, and now the whole world is paying close attention to economic trends in the two countries, one is China, one is the United States. Growth rate of the U.S. economy remains the development of the third quarter, but this growth is lower than Wall Street analysts expected. Eye-catching performance is still struggling housing market, highlighting the fragile recovery in the United States to maintain, are facing challenges.
Analysts originally predicted that the U.S. housing market in 2010 in a modest improvement. Now expect a lot of problems with record real estate market is flooded with U.S. house prices will fall in 2011 of up to 10%. Continued weakness on Wall Street, some economists called for Washington to promote the introduction of major interventions, should the market be trapped in long-term stagnation.
Morgan Stanley (Morgan Stanley), Richard Berner, chief U.S. economist said that if the government does not adopt new measures to reduce interest payments and principal balances, then the housing market will remain caught in a "vicious circle": the supply may be exceeds the demand for many years.