Roubini: Real estate to fall another 7-10%
Courtesy of Tim Iacono at The Mess That Greenspan Made
Economist/rock star Nouriel Roubini talks to Fox Business News on the prospects for the U.S. housing market over the next year or so and, with the exception of a few parts of the country where prices can’t go any lower, in his view, the prospects are not good.
It’s the same story that, apparently, homebuyers in Las Vegas and elsewhere don’t seem much interested in – seasonal strength in prices over the summer, an expiring homebuyer tax credit that has drawn in future demand, and persistently high unemployment.
