sunriseprotel.com
Monday, April 6th, 2009
Sellers are still holding on to properties, or
Sellers are still holding on to properties, or refusing to drop prices. In a December interview, group chief executive of Barclays Bank in the UK, John Varley, predicted house prices in Britain will fall a further 15 per cent in 2009, on top [...] The property collapse is one of the factors creating the highest unemployment rate in America since the early seventies, according to figures recently released. Similarly, redundancies are scything the ranks of loan brokers; and the effect of the mortgage meltdown is being felt in those jobs associated with housing: construction, trucking, and so on.
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