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Will Housing Prices Fall 20 Percent in 2012? |
July 16, 2011
When will we reach bottom in the housing market? With lenders filing foreclosures more slowly and an excess inventory of homes, housing prices could fall another 20 percent next year, says one economist. Gary Shilling, one of the economists who predicted the subprime mortgage crisis, says the "depressing effect" of two to 2.5 million homes in excess inventory will push prices down.
http://feeds.abcnews.com/click.phdo?i=1e964a24e6ab3a272da78ebbf4cf80ee
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