Friday, May 30, 2008
House arrest: how many years to escape negative equity?
The Times: Negative equity fears soar after record slump in house prices
This month’s slide in prices prompted economists to forecast that house prices would fall by more than 20 per cent in two years. This would plunge two million homeowners, or one in six mortgage borrowers, into negative equity, according to Morgan Stanley, the investment bank.
Posted by quiet guy @ 12:21 AM (134 views) Add Comment
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