That is not exactly a bolt from the blue, but then again for all those of us who were taken in by the joy ride, it well may be the last bell on the Big ol' Bear.
The housing market is predicted to shrink by as much as 25%. With the economy showing no signs of shrugging of the bear, it is only to be expected that the housing market will be the one to take the biggest hit.
With big housing giants already folding like a cheap pack of cards, it is any surprise that the rest of them are feeling the shudders. It is high time that the housing market was regulated to some degree and this way the market can be insured against any more free fall!
Sunday, February 3, 2008
A housing meltdown??
Posted by scorpius at 7:59 AM
Labels: economy, housing market, interest rates, presents
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