Houses are rapidly losing value

Natalene Ong's picture
Submitted by a b
July 17th, 2008
Posted in

Nationwide, home values have declined about 16 percent since the summer of 2006. Experts project that the drop will continue until homes have lost about 25 percent of their value.

Source
Bajaj, Vikas and Grynbaum, Michael M. About 1 in 11 Mortgageholders Face Loan Problems. New York Times. [Online] June 6, 2008. [Cited: July 17, 2008.] http://www.nytimes.com/2008/06/06/business/06mortgage.html?_r=4&hp&oref=slogin&oref=slogin&oref=slogin&oref=slogin
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