Monday, November 06, 2006

UBS: Home Prices to Decline 10% in 2007

by Bill McBride on 11/06/2006 04:53:00 PM

From MarketWatch: UBS sees home prices down 10% in 2007

Home prices will fall 10% on average in 2007 and it will likely take three years to clear out the huge inventory of empty unsold homes currently in the market, according to a UBS report released Monday.