NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: U.S. RMBS 2Q 2011 Sustainable Home Price Projection
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=656030

Fitch Ratings has launched a quarterly report detailing its U.S. home price projections, which reflect Fitch's long-term view of U.S. home price movements based on the results of its Sustainable Home Price (SHP) model. The inaugural report contains projections as of second quarter-2011 (2Q'11).

Fitch expects prices to fall an additional 13% nationally in real terms as the housing market remains under stress from factors such as unemployment, existing inventory and more stringent underwriting standards. The correction is likely to occur slowly with much of the decline coming from inflation eroding nominal values. As of 2Q'11, prices were down off their peak by 38% in real terms.

Each quarter Fitch will provide an update to its projections and market views with the release of the Case Shiller indices. Fitch will also provide a more detailed perspective on individual states or regions due to significant or unexpected price changes, evolving economies, or general importance on the national housing scene. This quarterly's report focuses on Michigan, a state that Fitch currently views as undervalued. Fitch will provide projections at the metropolitan statistical area (MSA) level by 1Q'12.

The report can be accessed by clicking on the above link or by at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

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CONTACT:

Fitch, Inc.
Stefan Hilts, +1-212-908-9137
Director
One State Street Plaza
New York, NY 10004
or
Suzanne Mistretta, +1-212-908-0639
Senior Director
or
Rui Pereira, +1-212-908-0766
Managing Director, Head of U.S. RMBS
or
Media Relations
Sandro Scenga, +1-212-908-0278 (New York)
sandro.scenga@fitchratings.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Professional Services  Finance

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