The housing crash will continue

Credit, Credit Crunch, Bailout News, Real Estate December 2nd, 2009

At least that is what Mark Zandi says. According to Reuters:

NEW YORK (Reuters) - The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.

“This lull in foreclosures sales has resulted in the price gains in the past few months,” he said.

“Foreclosure sales will increase, and home prices will resume their decline by early 2010 as mortgage servicers figure out who will not qualify for a modification,” he said.


6 Responses to “The housing crash will continue”

  1. Teguh Says:
    December 21st, 2009 at 3:47 pm

    Good news for those who have not got an apartment

  2. Ilmu Keperawatan Says:
    December 21st, 2009 at 3:50 pm

    Owh,…

  3. autocar Says:
    December 28th, 2009 at 8:58 pm

    thanks for share.. nice post

  4. shari Says:
    January 1st, 2010 at 7:08 pm

    Tired of Fat cat bankers having all the fun.

    Bailout The Game

    The hilarious parody of the government bailout, where when you lose, you win. In this role reversal of the classic board game debt is king.

    Players compete as rival banks(Bankruptcy O’ America, Worth Farless, No Cashvia, Liquidation Brothers, Greedy Investors of America, or Washed Up Mutual.) who must make risky investments to lose it all and get a Bailout.

    Land on or pass over Frantic May and Frivolous Mac spaces and get slammed with bad debt.(MBS’s and CDO’s)

    http://www.bailoutthegame.com

  5. dofollow backlinks Says:
    April 14th, 2010 at 3:08 am

    very bad news, if falls further… i cant think that

  6. 1-million-dollar-blog Says:
    April 21st, 2010 at 7:10 pm

    How is the situation now? Does it improves?

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