Mr. Zandi of Economy.com said he expects the nation’s housing prices to fall another 8 percent during 2010 and bottom out by the end of the year — 34 percent lower than they were at the market’s peak in the spring of 2006.

Housing prices will increase once foreclosures start to fall. “It will be a number of years before prices really start to rise in a normal way,” Mr. Zandi said.

Call Now