| From BBC: Some 58% of Americans expect the US housing market to stay depressed for two or more years, a survey has found. In the survey, 48% of respondents said they would consider walking away from their mortgage if they were in negative equity - up from 41% since May.
The findings by property websites Trulia and RealtyTrac come as house prices have begun falling again. They suggest the market may face a new wave of mortgage defaults as Americans lose respect for scandal-hit banks..............................................Full Article: Source
|