| 23.10.2008 - US home prices likely to fall another 10 percent |
| From Voanews.com: Top forecasters attending a housing conference in Washington predicted further declines in US home prices, which are already down 20 percent from their early 2006 peak. VOA's Barry Wood reports that defaults on home mortgage loans in August 2007 triggered what has become a global credit squeeze. Forecaster Mark Zandi of Moody's Economy.com says US home prices are unlikely to recover until mid 2009..... Full Article: Source |