Fiserv said home values will fall 3.6% by next June in the U.S., which
will be a new low from the 2006 peak, down 35% from that point.

CNN
Money reports the company’s 2012 prediction might not even be the
eventual bottom, due to the massive shadow inventory of foreclosures
that has yet to even be released.

Some U.S. cities popular with
Canadians are among those expected to be hardest hit with price
decreases next year. Naples, Fla., for example, will see prices drop
another 18.9% by next June, according to Fiserv. That’s the largest
decrease in price of any metro area covered.

Las Vegas wasn’t far
behind, expected to see prices fall 15.9%, followed by Riverside,
Calif., predicted to fall another 14.8%, and Miami was projected with a
14.8% drop, according to CNN.

But other cities, already hard hit
in years past, will see some kind of recovery by next year in prices.
Oscala, Fla., for example, will see prices gain 22.4% for the 12 months
ending June 30, 2012. CNN said Oscala had already seen home prices drop
about 50% previously.

Similarly, other previously suffering
markets will gain next year, like Napa, Calif., projected to rise 20.9%
next year, and Panama City, Fla., expected to gain 18.2%.

Source Canadian Real Estate- Editorial Team

Courtesy of Jeff Dicks Real Estate