Thursday, May 29, 2008
House prices on cue for 20pc drop by end of 2009
Telegraph: House prices are still on track for a 20pc drop
The plunge in house prices in May is a reminder of just how fast house prices can decline. Of course, given the lack of mortgage finance, as well as weak buyer interest, anything other than another fall this month would have been a surprise. The sheer size of the drop in house prices, without the economy having yet slowed significantly, suggests that this housing market correction will be deep and prolonged.
Posted by syphan @ 12:14 PM (173 views) Add Comment
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