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Home prices still poised to drop 5% by early 2012, say JPMorgan analysts 

Aug 12, 2011By

JPMorgan Chase [stock JPM][/stock] stuck to their outlook Friday, forecasting home prices in the U.S. could plunge another 4% to 5%, before reaching a bottom in early 2012. Analysts at the bank originally lowered their prediction on future home prices in June. If prices continue to fall at this rate, they will be down 37% from their peak when they finally reach a bottom.

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