Wednesday, Nov 25, 2009

Pain not over for US yet

Business Insider: House prices are still too high

The modest recovery in house prices over the past four months caught almost everyone by surprise, including those who are now explaining it away as an obvious byproduct of artificially low interest rates and the home-buyer tax credit. The recovery's momentum is slowing, however, and it seems likely that house prices will now resume their fall and drop another 10%-15%.Why?

Posted by mnorman @ 12:42 PM (1055 views)
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1. mark said...

I can feel it, the SH** is going to hit the fan very soon and asset prices in the UK will come crashing down with speed

something big is coming...

Wednesday, November 25, 2009 02:56PM Report Comment

2. Viva said...

i can also feel it coming

Wednesday, November 25, 2009 11:55PM Report Comment

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