Bob Chapman wrote on the International forecaster of the 6th of October 2010 :"Residential and commercial real estate is again headed lower. July was weak and it usually is one of the best months of the year. Medium home prices fell in August 0.6%, off for four of the past five months and at a 7-month low. No one really knows what inventory figures really are due to a lender shadow inventory. Officially it is 11.6-months, four months is normal, and it could easily be 18 months, if not more. During the coming year home prices will fall another 10 to 20 percent. Those numbers will be exacerbated by subprime and ALT-A loans recently written by agencies to keep housing afloat."
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