Bank of America Merrill Lynch real estate market analyst Michelle Meyer on December 5 release"2012 housing market outlook," said the U.S. housing market crisis is far from over, there are wholesale Cheap sunglasses still a large number of foreclosed real estate for sale or to be liquidated, is expected next year to the first quarter of 2013, U.S. real estate prices will continue on the basis of the current 7%. Bank of America Merrill Lynch data show that U.S. house prices in the third quarter, first quarter 2006peak period have fallen by 33%, basically back to mid-2002 levels.

Meyer said: "The number of foreclosed homes on the overall estimates of future housingconstruction market and an important reference for the expected price trend data." Bank of America Merrill Lynch products research group data show that since 2007, the U.S. has about 600 million housing units to be liquidated; expected in the next four years, 800 million housing units will be liquidated, there will be a total loss of soccer jerseys 14 million housing units eligible for mortgageredemption, purchase accounting for the total amount of mortgage loans during the quarter one.

Meyer said that at present, the nation can not repay their mortgage loans to non-institutionalproject, into liquidation spend an average of 25 months to 30 months, before the financial crisisthan the time required to extend more than doubled. As a large backlog of foreclosed homes,foreclosure liquidation difficulties related institutions increased, will the United States real estate market in 2013 the worst year.