Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- A Cathartic Event In California
-
Bloomberg reports on California. “Almost $1.3 trillion of homeowner equity was lost in California since home prices peaked in December 2005, said Mark Zandi, chief economist at Moody’s Economy.com. ‘California is having a wrenching decline in wealth, but this is a cathartic event that will lay the foundation for a recovery,’ said Zandi in an interview. ‘This signals the beginning of the end.’”
…
Original Source: thehousingbubbleblog.com
-
31 July, 2008| housingblogs |
@ 12:24