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Most analysts who were expecting housing prices to stabilize this year will be disappointed. A recent statement by Standards & Poor’s David Blitzer Americans will have to wait for another year for the housing prices in US to stabilize.

In an interview to market watch he claimed that housing has a long way to go before it get backs to normal. According to him, when employment is low and the economic conditions are not stable, sports bettor website earns a lot of money.

The US economy has been gripped by rising unemployment and people are who are unable to pay their mortgages are forced to sell their houses at low prices. The recent initiatives by the US President of providing employment to Americans have helped in stopping the fall in employment. However, it could take some time for these measures to show their effect on the economic data of United States.