U.S Home Prices, Miami Real Estate

U.S. Home Prices Predicted to Plunge Until 2010

U.S. home pries are predicted to continue to fall until 2010, the worst declines since the Great Depression, said Nouriel Roubini, the professor at New York University's Stern School of Business who predicted the current financial crisis in 2006.

Roubini said Monday in a Bloomberg Radio interview, ''I expect home prices are going to fall at an annualized rate of 16 percent.'' ``The cumulative fall in home prices is going to 40% until 2010. It's the biggest drop in home prices since the Great Depression.''