Karen Weaver from Deutsche Bank said on CNBC:
Expects another 14% drop.
*what interests me is that this seems to be looking at the already hardest hits area. No one is looking at the other 50 states that are in the red which means more job loss with little tax revenue. How does that change the numbers. Time will tell. I believe another 25% is more likely. Hold your breath.
But Uncle Sam will likely save the day by taking over the mortgage market entirely.