Thursday, April 24, 2008

So Not Kidding



Yow..

Falling U.S. home prices and a lack of available credit may result in foreclosures on 6.5 million loans by the end of 2012 ...

The foreclosures could put 12.7 percent of all residential borrowers out of their homes ...

Credit Suisse expects home prices will fall by 10 percent in 2008 and 5 percent in 2009, before rebounding.
The pace of foreclosures is still accelerating, and there are quite a few years before it settles back into it's normal rate.

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