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IPFS News Link • Economy - Economics USA

Curious How Far Housing Prices Could Drop in 2008?

• HousingDoom.com
On a monthly basis housing prices currently are dropping at a rate that when annualized will make even the most hardened real estate veterans' jaw drop. Phoenix -41.88%, Los Angeles -36.96%, Vegas -35%...

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Falling housing prices will be "compensated" by increasing inflation making dollars worth less, and therefore requiring more to buy a house. Somewhere a "happy" medium will occur. Either way the seller (owner) is screwed! Hummmm, so is the buyer if he cares about conserving his dollars.



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