Thursday, Jan 24, 2008
News From America
CNN Money: Housing prices to free fall in 2008
The worst housing financial crisis in decades is only going to get worse, a Merrill Lynch report said Wednesday.
The investment bank forecasted a 15 percent drop in housing prices in 2008 and a further 10 percent drop in 2009, with even more depreciation likely in 2010.
Posted by submedia @ 02:05 PM (575 views) Add Comment
5 Comments
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1. confused76 said...
And why should the UK be immune?
... oh I forgot... a small island, no subprime, immigrants, divorces, students
2. Landedgentry said...
Experts who also lost billions in Subprime, Only say something concrete while it is actually already happening.
3. Landedgentry said...
I thought their corporate motto was 'be bullish'
4. japanese uncle said...
A bull with CJD
5. cyril said...
I think they mean bullsh+t