house prices to fall 10%

  1. 2,801 Posts.
    "Merrill Lynch is forecasting that they'll fall 10 per cent from their peak in June last year, while another broker, JP Morgan, reckons there's a particular bad debt problem building for loans made in 2009."

    "Goldman Sachs notes that house prices have drifted lower and are now about 2 per cent below their peak but Goldman isn't particularly bearish: "While we do not expect this deterioration to progress to broad-based precipitous falls, the underlying trends in this data set and low auction clearance rates (on low volumes) imply further house price softness in the near term."

    (ON LOW VOLUMES????) So on high volumes these figure's would look worse right?

    Read more: http://www.theage.com.au/business/house-prices-to-fall-but-not-bank-profits-20110614-1g10n.html#ixzz1PFPQMhUQ



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.