Pickle Real Estate

Reading Between the Head-Lines

Forecast 2009: Your home

CnnMoney 2008-11-06

Home prices are down 20% nationwide since their peak in July 2006, according to the S&P/Case-Shiller home price index. Economist Nouriel Roubini of New York University, who accurately predicted the housing slide and credit crisis, expects another 20% decline in home prices next year. Patrick Newport of economic forecasting firm Global Insight projects a 15% drop.

Full Article Here

November 6, 2008 Posted by picklerealestate | Foreclosure, Lending | | No Comments Yet