Thursday, January 24, 2008

News From America

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 (949 views)
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5 thoughts on “News From America

  • And why should the UK be immune?
    … oh I forgot… a small island, no subprime, immigrants, divorces, students

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  • Experts who also lost billions in Subprime, Only say something concrete while it is actually already happening.

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  • I thought their corporate motto was ‘be bullish’

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  • japanese uncle says:

    A bull with CJD

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  • I think they mean bullsh+t

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