Saturday, August 8, 2009

US market: property values "predict 2 year slide"

.
.
Study says: 48% of homeowners headed to owe more than the home’s (market) value.

...in the United States, a new study says the number of Americans owing more than their home is worth will see a major rise in the next two years. According to Deutsche Bank, 48 percent of homeowners will have mortgages surpassing their home value by 2011, up from 26 percent this year.

No comments:

Post a Comment