Home Values To Drop - WAOW - Newsline 9, Wausau News, Weather, Sports

Home Values To Drop

(CNN)--It looks like the housing market won't be getting better anytime soon.

That's coming from Fiserv-- a financial analytics company.

The company says home values are expected to fall another three-point-six percent by next June.

That means homes would be worth 35 percent less than they were during the housing bubble peak in 2006-- a new low.

Fiserv's chief economist says several factors are working against the housing market, including an increase in foreclosures... and high unemployment.

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