CBS Investment

The drop in housing values in the 20 largest U.S. cities in March exceeded forecasts. According to the index S & P / Case-Shiller, the decline in the prices became 18.7% compared with that of March 2008. Analysts of the agency Bloomberg predicted reduction index of home prices to an average of 18.3%. Prices have decreased greatly especially in Phoenix, Las Vegas and San Francisco. Experts note that a record number of deprivations of property rights contributes to a fall in housing prices and makes it more accessible. In this regard, the rate of sales decline is slowing, and perhaps it will eventually stabilize, experts add.