No Bulls In Real Estate
SOURCE: CNNMoney
Optimists are getting hard to find in the gloomy housing market
Some economists feel that the U.S. is facing the worst housing recession in its history, even stating that the country is in recession already.
Home price losses are predicted to be in the order of 30% with 10 million homes having negative equity. This gives the owners less incentive to keep making their payments and some will just walk away, depressing the markets even further.
Read full report »
Optimists are getting hard to find in the gloomy housing market
Some economists feel that the U.S. is facing the worst housing recession in its history, even stating that the country is in recession already.
Home price losses are predicted to be in the order of 30% with 10 million homes having negative equity. This gives the owners less incentive to keep making their payments and some will just walk away, depressing the markets even further.
Read full report »
