From Pragmatic Capitalism:
More bad news out of the housing market today as Zillow, a leading online real estate marketplace, released its third quarter report and it largely echos what we saw in yesterday's Clear Capital report – the housing market is double dipping. Home values fell an average 4.3% in the third quarter.
Stan Humphries, the Chief Economist at Zillow, says the housing market decline is likely to surpass the Great Depression's decline and that prices are unlikely to recover before...
Read full article...
More bad news out of the housing market today as Zillow, a leading online real estate marketplace, released its third quarter report and it largely echos what we saw in yesterday's Clear Capital report – the housing market is double dipping. Home values fell an average 4.3% in the third quarter.
Stan Humphries, the Chief Economist at Zillow, says the housing market decline is likely to surpass the Great Depression's decline and that prices are unlikely to recover before...
Read full article...
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