Home prices won’t stabilize until late 2010 and will fall another 12.5% from the end of 2008, according to a Fitch Ratings analysis. The projection revises a 10% decline that Fitch had forecasted from the second quarter of 2008.

The Fitch report cites limited refinancing opportunities and weak unemployment as the primary forces behind the deteriorating forecast.

Real More: The Wall Street Journal Blog

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