Forecast for home prices

Forecast for home prices. Well, we predict yet another decline this year. Sadly, we have seen a price decline every year. Oh since 2006 that is. People blame our poor economy. Also, the glut of foreclosures that are still held by big banks which are hitting the market now. That said, here is what we see. Not only are there lower prices. Also, there is less demand now. Most people are renting a house because jobs are few and there is a decline in wages. Basically, people have been forced to take cuts in pay. Others are working less hours, but few have seen a raise.