Housing Prices Unlikely to Recover Before 2020
publication date: Oct 4, 2011
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author/source: Chris Prang
A new report out from FICO claims that housing prices are not likely to recover till 2020. 2020 seems a long way away, but
it is only eight years, it will be here before we know it, but will
there be a recovery in prices by then?
It also says "73% of bankers surveyed see elevated level of mortgage foreclosures for at least five years." This should be no suprise. This of course will deter much of a recovery. My question is, how will they recover to 2005-06 prices so quickly? What will be the driving factor? Is that even reasonable to believe?
Click here to read the article...
It also says "73% of bankers surveyed see elevated level of mortgage foreclosures for at least five years." This should be no suprise. This of course will deter much of a recovery. My question is, how will they recover to 2005-06 prices so quickly? What will be the driving factor? Is that even reasonable to believe?
Click here to read the article...
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