Real Estate Question
WSJ reports: "N.Y. Home Prices Expected to Fall More" -- Can anyone in New York confirm or deny?
Asked by CUWu in
Real Estate
11 months ago
Best Answer
3943 points
MNSL answered 11 months ago …
Yes analysts, top banks and investmet houses expect home prices to fall more than 35% in in cities such as London, Sydney, Dubai, Melbourn, New York.
House prices in some commodity countires, some less known asian countires and emerging countreis will come down by more than 50%. In some countires house prices are overvalued by more than 70%.
Current down turn in housing sector will get worsen once unemploymet rises in the next 18 months globally.
