The Miami Herald this week featured an article about the analysis of the US property market by Nouriel Roubini, a professor at New York University's Stern School of Business.
Mr Roubini claims we are going to see the greatest fall in house prices since the Great Depression, and predicts that prices will fall by 16% each year until 2010.
This follows a report by S&P/Case-Schiller which shows prices falling each month since January 2007, with an upturn in the near future unlikely.
Article: U.S. house prices to continue plunge until 2010, expert says (27th October 2008, Miami Herald)
Friday, 31 October 2008
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