The National Association of Realtors estimated optimistically (have you ever known a pessimistic realtor?) that U.S. housing prices will fall 16 percent in 2007 - their first overall decline in 40 years. Real estate investor Kenneth Heebner anticipates a 20 percent decline this year, due mostly to defaults in the “subprime” and “Alternative-A” mortgage markets. [...]
May 25th, 2007 | Christopher Westley | 0 comments | Continued