Thursday, Sep 16, 2010
US housing market still crashing
ArabianMoney: US housing disaster continues as bank seizures jump 25%
The US housing crash that started with subprime mortgage lending and caused the global financial crisis two years ago is getting worse rather than better with bank seizures up by 25 per cent in August and 95,364 families losing their homes, reported Realty Trac today. But Professor Karl Case of the Case/Schiller housing index thinks prices may hit bottom in six months' time.
Posted by arabianmoney @ 06:50 AM (325 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Crunchy said...
"Could it be that the Fed that failed to see the housing bubble forming because it set interest rates too low will also mess up its management of the recovery? Certainly the precedents for trusting the Fed are not that good."
The Fed know exactly what they are doing and the BOE, both are joint at the hip.
They are conditioning us for the NWO era. If you think things will recover back to prosperity, people are seriously deluded.
The NWO is all about austerity, control and daylight robbery. When, god forbid, Americans are disarmed, people will see the real evil of where we are all being artificially pushed. There will be no turning back once the 'financial control grid' is in place.
Have a nice day.