Bank analyst Meredith Whitney says home prices have another leg to drop, perhaps 25 percent.
“Fourth quarter, then you see another leg down,” she told CNBC.
"No bank underwrote a loan with 10 percent unemployment on the horizon," Whitney said.
"I think there is no doubt that home prices will go down dramatically from here, it's just a question of when."
I strongly believe that fall in home prices is somewhat low as compared to other cities and nations, as I have noticed that in some areas home prices fall by around 40%.
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