The next wave of declines in the housing market in the US seems ready to unveil.
About half of US mortgages will have negative equity (price of the house less than the amount owed to the bank) by 2011. The entire article can be read here
http://www.reuters.com/article/businessNews/idUSTRE5745JP20090805
The bear market in the USA might be here to stay!
Sunday, August 9, 2009
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