Friday, February 11, 2011

WSJ sees 2011 as year of repossessions

2011 Could Be Toughest Yet for U.K. Housing Market

WSJ examines why this house price bump has been milder than the last. In a word: government support, and 'extend & pretend' from the banks. However, they predict a harsher 2011 as government cuts bite and interest rates trend upwards (perhaps).

Posted by notyethomeless @ 04:32 PM (1203 views)
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One thought on “WSJ sees 2011 as year of repossessions

  • The WSJ has watched on while the US has over 25% of mortgages “under water”. I guess they know their stuff!

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