US economy at tipping point,double-dip risk-Shiller | Reuters:
"'My gut feeling is we might see a continuation of the decline' in home prices, Shiller said earlier on Thursday at a Standard & Poor's housing summit. He added that a 10 percent to 25 percent slump in real home prices 'wouldn't surprise me at all,' though he cautioned that was not a forecast."
Thursday, June 09, 2011
Tuesday, June 07, 2011
More Homeowners With Second Mortgages Are Underwater - WSJ.com: "Almost 40% of homeowners who took out second mortgages—extracting cash from their residences to cover everything from vacations to medical bills—are underwater on their loans"
Posted by viplav at 11:00 AM