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Prices across the United States fell 0 8pc in September to August, the monthly decline more pronounced since the spring of last year.?Photo: Bloomberg News

In 2007, three largest banks in the country were all blocked in a race for the second aircraft took first place long houses place.US.

A decade of rising house prices had transformed houses in ATMs with a mortgage allowing Americans to remove about 1 trillion (642 billion) in the equity and plow it back into the economy.

Release of the latest survey of the price of real estate index S & P/case-Schiller Tuesday stressed the fact that, in the ATM race at least, banks have field to themselves.

Prices across the country fell 0 8pc in September to August, the monthly decline more pronounced since the spring of last year.

Prices are now 29pc below the peak, reached in July 2006, although the case-Schiller index shows that prices have stabilized in the past 12 months and are now 0 6pc higher than they were in September 2009.

Some of the decline in September is likely to be the end of the summer a government scheme that provides incentives for up to $8,000 for people to buy homes.

However, analysts say twin drivers that provides market - and demand - offer little incentive currently actuelle.Chris Low, an economist at FTN financial estimates that there are actually 10 million homes for sale.

4 Million listed million additional 4 whose owners are either default or loved ones and another 2 million who wishes to sell but expect lower prices.

"Supply is first big problem", he explains .but banks do little to encourage demand as they strengthen their ready criteria after the Wild West subprime ère.2011 is the remedy to be a crucial year.

Having reprimanded Bank repossessed houses, a growing number of States is aware that seizures can be accelerated to find on the market a substance.

Puncture boiling is not pretty, especially in States like Nevada, Florida and California, who saw the most exhilarating growth and busts.

Professor Schiller, co-creator of the index and an expert on the market, said yesterday that "'there was a cultural shift' attitudes towards the market housing that"goes beyond short-term forecasts.""

It may have been hinting that the painful decline in prices over the past four years is urging us to the question if the dream of home ownership is all it is cracked.

There is a problem for politicians, aggressively promoted the benefits of access to the property, for addressing Americans that extends well beyond 2011.

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