'Banks learn after mortgage orgy'
Sales of previously owned US homes took a record dip in July to their lowest rate in 15 years, suggesting further loss of momentum in the economic recovery. If the United States is going to get out of this housing and economic slump what will it take? Max Fraad Wolff says that housing prices will continue to drop about 5 to 10% in the next 18 months.
Sales of previously owned US homes took a record dip in July to their lowest rate in 15 years, suggesting further loss of momentum in the economic recovery. If the United States is going to get out of this housing and economic slump what will it take? Max Fraad Wolff says that housing prices will continue to drop about 5 to 10% in the next 18 months.
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