A recent Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic …
A recent Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic …
Black Friday has come and gone and the holiday shopping season is off and running. In addition to keeping on eye on how retailers are doing, there will be plenty of economic data for analysts and investors to peruse on this wee…
For a while, it seemed the housing crisis had been averted. Now, Gary Shilling, president of economic consulting firm A. Gary Shilling & Co., says that things are likely to get worse. He predicts that housing prices could fall another 20%.
Continue reading Gary Shilling: Home Prices Could Fall 20% More
Gary Shilling: Home Prices Could Fall 20% More originally appeared on DailyFinance on Fri, 05 Nov 2010 08:33:00.
Filed Under: Economy, Investing, Real Estate, Video
According to Case-Shiller data, home prices in the U.S. fell from July to August as the impact of the federal home buyer tax credit program waned. Prices rose on a year-over-year basis, but less than previously expected.
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