Jonathan Sweet is the editor in chief of Professional Remodeler, an award-winning trade publication for remodelers and home improvement contractors. He started his career covering homes and small businesses at a daily newspaper and has spent more than a decade writing for several construction trade publications including Qualified Remodeler, Construction Pro and Concrete Contractor. +Jonathan Sweet
S&P: 7 to 10 Percent Home Price Drop in 2011
Standard & Poor is predicting more home price pain for 2011.
Analysts from the financial market intelligence firm are calling for a drop of between 7 and 10 percent through the end of next year.
HousingWire has more on the story:
"Low mortgage rates will likely continue to encourage refinancing, but their influence on home buying activities has been limited due to the weak housing market and a lack of demand," S&P credit analyst Erkan Erturk said.