Tuesday, June 17, 2008
How sentiment has changed in a just a few months
For hard-pressed homeowners the news just keeps on getting worse. The value of your home could tumble by as much as 30 per cent, according to the latest research. And experts are warning that house prices could take up to four years to climb back to 2007 levels. It's yet another blow for families already struggling to meet rising mortgage repayments, needing to move or at risk of falling into negative equity.