"Now that unemployment has kicked into a higher gear, more folks will be defaulting on mortgages, meaning house prices are likely to continue their slide in coming months. As they do, household and bank balance sheets will continue to deteriorate. Said another way, their leverage ratios will continue to increase as the falling value of their assets wipes out their equity."


homesweethome at 01:30 2009-02-25 said:
This is old news rehashed as a NewsFlash. It looks like you are running out of bad news to peddle. I guess its time to get back to your day job. 4 month old data is so boring. October 2008 is 27% lower than October 2007, so what? Permalink

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