snapo
the greater the truth, the greater the libel
Housing prices will hit bottom
More than a million properties may be repossessed by lenders this year, according to RealtyTrac. Meanwhile, the Obama administration’s housing-modification program will die a quiet death after failing to aid many of its intended beneficiaries. That should help housing prices hit bottom, falling perhaps another 10% on average from where they are now.
But we won’t see a real recovery in home prices until the second half of the decade. No-hope markets like Phoenix and Las Vegas will see their 2006 highs again when the Nasdaq Composite index /quotes/comstock/10y!i:comp (COMP 2,710, +7.69, +0.28%) re-takes 5,000. Good luck.
>2015...meco....
il Pres mi consentirà...
![Benedizione :benedizione: :benedizione:](/images/smilies/italiamac_pope.gif)
![Benedizione :benedizione: :benedizione:](/images/smilies/italiamac_pope.gif)
![Benedizione :benedizione: :benedizione:](/images/smilies/italiamac_pope.gif)