Housing Crash goes from Bad to Worse

I keep hoping, as so many of us do,  that the economy is getting better. The news relative to housing is bad.

“New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse.”

Housing prices are expected to continue to fall at a pace of 1 percent per month till sometime in 2012. An 8 percent drop in prices is expected for the year — same as last year. The number of homeowners in an “upside down” equity position has shot to 28 percent.

By | 2011-05-09T20:02:20+00:00 May 9th, 2011|Industry News|Comments Off on Housing Crash goes from Bad to Worse

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