Wikinvest Wire

Roubini: Real estate to fall another 7-10%

Thursday, October 15, 2009

Economist/rock star Nouriel Roubini talks to Fox Business News on the prospects for the U.S. housing market over the next year or so and, with the exception of a few parts of the country where prices can't go any lower, in his view, the prospects are not good.


It's the same story that, apparently, homebuyers in Las Vegas and elsewhere don't seem much interested in - seasonal strength in prices over the summer, an expiring homebuyer tax credit that has drawn in future demand, and persistently high unemployment.

ooo

3 comments:

TraderMark said...

Tim, Even Greenspan says banks are too big now

http://www.fundmymutualfund.com/2009/10/even-alan-greenspan-thinks-banks-have.html

Tim said...

If you haven't already seen it, there's a good piece by Bill Moyers on too big to fail from last week.

Anonymous said...

Falling home prices are a really good thing. It allows people to buy homes at affordable prices. The creative financing approach to affordable homes didn't work. Prices must be low to be affordable.

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