Wednesday, September 13, 2006

NY Sun - "Real Estate Recession Coming" (9-12-06)

"
Some realtors and economists now argue that the decline in home prices will be modest and is nearly complete."

"They are very likely to be mistaken.This decline is just beginning and will become more severe because of a recession that will be triggered by the falling home prices. This in turn will lead to a surge in unemployment and many of the newly-unemployed will no longer be able to afford their homes."

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