No peace for the real estate market to stars and stripes, where house prices in eight months since the outbreak of bubble triggered from sub-prime mortgages continue to be in free fall. In particular
Shiller index, which monitors the U.S. housing market, shows a fall of 19% on the price per square meter in the top 20 cities overseas.
A better than planned worst-case assumption expressed by observers in recent months had predicted a slump not exceeding 18%.
In particular, the monthly decline was 2.8% , with peak fall even more than 5% in some towns in Central and West Coast.
In particular, the black shirt goes to Phoenix, where prices have fallen compared to last December by 5.5%, with the effect of being able to buy a home to half compared to 2006 ... Continue reading about
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