Home prices to drop another 10-12%, Deutche Bank

Deutche Bank researchers say home prices will drop another 10 to 12 percent from current levels. The securitization arm of the investment bank represent that these projections are the first forecast expanded to include more factors that impact home prices overall as well as including peak-to-trough and peak-to-peak, according to www.housingwire.com.

"Government bailouts lack the potency to counter larger issues of unemployment, tight credit and the rising negative…In the worst of it, with another projected 29% percent decline in home prices (is) projected," DB estimates."

The government is trying to spend (& tax) their way out of this. Good luck.