01/18/2011 01:32 pm ET Updated May 25, 2011

The 8 States Running Out Of Homebuyers: 24/7 Wall Street

The single biggest problem in the U.S. real estate market is simple: There are very few homebuyers.

That seems obvious, but the "buyers' strike" has caused house prices to drop, along with an epidemic of foreclosures. What's worse, the long depression in real estate is probably not over. S&P has forecast that home prices will drop by 7% to 10% this year.

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