Sunday, Jun 24, 2007
The home owner's worst nightmare wakes from its slumber...
Mail on Sunday: Negative Equity Stalks Buyers
The grim spectre of negative equity - where homeowners' mortgages outweigh the value of their property - is rearing its ugly head again as thousands of borrowers take out new, bigger loans...
The Mail on Sunday's Financial section is a feast of bearish articles this morning on the housing market and the lending industry that supports it. Even the most optimistic 'experts' are holding their breath now - something is happening, the only question is how bad it's going to get before it's over.
Posted by mr pleasant @ 01:00 PM (151 views) Add Comment
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