TheRealDeal - Home prices to gradually drop next year

David Tobin, CEO of Mission Capital Advisors, said on a segment of CNBC that he thinks home prices will drop 20 percent over the course of 2009, and maybe into 2010. Tobin said he doesn't believe the prices won't have an abrupt drop, like they did in this past year. Tobin said that residential mortgages are locked up in securities that can't be sold wholesale, and individual investors should be the ones to buy them, not the government.
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