Tuesday, Aug 26, 2008
US Homes down 15.4% in the April to June quarter
BBC News Website: US house prices 'see record fall'
It seems to be absolute melt down in the US housing market. The good thing is that the market there is adjusting rapidly and ultimately with cheap homes and consequently smaller and cheaper mortgages I can see the US recovering. Without the inflated prices, people will again be able to afford to live. I am not sure what is going to happen in the UK though, somehow I feel we will be in for more of a Japanese experience
Posted by mikelivingstone @ 04:26 PM (150 views) Add Comment
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