Friday, March 5, 2010
According to an analysis, the housing prices would remain flat for many more years and aren't going to rise in the recent future. The prediction was given by predict analysts for Barclays Capital in its Residential Credit Strategy report.
The Barclays Capital has put the blame on the government programs that have slowed down the foreclosures. The report says that the hangover of distressed inventory is a huge negative technical. It points out that any rise in price would probably be met by increased distressed sales.
Even though the home prices are cheaper than rent and the income also suggest the same, but an extreme low price is not fair, report concludes.



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