Richard Suttmeier Predicts Further Plunge in House Values

By on July 6, 2010

ValueEngine.com’s Richard Suttmeier says surging short sales and foreclosures will cause house prices to drop by up to 50%. This is a revision from his previous prediction for a 25% drop in prices. In addition, the expiration of the tax credit on home purchases has created an additional drag on the market.

Source: Yahoo! Finance
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