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US house prices face long fall to bottom: analysts
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.”
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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