Tuesday, January 18, 2011

US Housing market with another 50% decline still to come?

We asked Kirk Nace, the top national prognosticator his take on this information. Mr Nace commented "While we are not calling for quite another 50% from here, it's entirely feasible that if the US Government continues it's futile Band Aid approach, we could over the next few years see additional valuation declines of 50%, or even more dependent upon how slowly the government gets out of the housing market."

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