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‘Unexpected’ U.S. home price decline is a serious reason to worry about economy

Posted on 31 December 2010

From Marketoracle.co.uk: The Standard & Poors/Case-Shiller index’s most recent report shows that home prices across the country are sliding. For economists, this is yet another unexpected decline. For readers of non-mainstream news, analysis and opinion, this was to be expected.
According to our survey, forecasters are expecting on average - these are professional forecasters - prices will be up 7% by 2014. So, that’s not bad, but it’s not great either. On the other hand, a good share of those forecasters are predicting declines. I think the outlook has become steadily more pessimistic over the last few months………………………………………Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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