New York, NY, Nov. 14, 2011 — U.S. home prices will probably decline an additional 6% to 8% before bottoming, according to bond fund firm PIMCO.
Potential home buyers are being kept on the sidelines by policy makers tightening rules for government-backed loans and banks being more restrictive than required by Fannie Mae, Freddie Mac and the Federal Housing Administration, a company spokesman said in a radio interview.
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