Tough Times Are Still Ahead for U.S. Home Market: John F. Wasik (Bloomberg.com)
Story date: 2007-08-27 07:43:24
Added on: 2007-08-27 11:35:07
Aug. 27 (Bloomberg) -- If you think the worst is over for the U.S. home market, hold on to your hats. The credit crunch is not only making mortgage financing tougher, it will force more homeowners into foreclosure. The surge of more bargain homes on the market will further depress prices.
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