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.