US house prices face long fall to bottom: analystsThis is a featured page

by Adam Plowright Adam Plowright –
Sun Oct 19, 1:05 pm ET
http://news.yahoo.com/s/afp/financebankingushousingpropertyprice

WASHINGTON (AFP) – “The falling US housing market, the trigger for the global financial crisis, is still far from reaching the bottom, promising more pain for consumers and more bad debt for banks, analysts say.”

"In terms of prices, I don't think they'll bottom out until the end of next year and I don't think they're going to bounce back.” “They'll crawl back," chief economist for ratings agency Standard & Poor's, David Wyss, told AFP.”


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Latest page update: made by ellasilveira , Oct 19 2008, 11:35 PM EDT (about this update About This Update ellasilveira Edited by ellasilveira

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