Wednesday, August 12, 2009

Home Price Declines Accelerate in Second Quarter

This article posted on Bloomberg today further supports my view that the worst is still ahead of us in the credit/mortgage and housing markets:

Home price declines in the U.S. accelerated in the second quarter, dropping by a record 15.6 percent from a year earlier, as foreclosures weighed on values

The Facts Show No Housing Bottom in Sight

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