Monday, April 06, 2009

Meredith Whitney: House Prices to Fall Another 30%

by Bill McBride on 4/06/2009 05:48:00 PM

From CNBC: Banks' 1st-Quarter Results May Show Improvement: Whitney

"I think you’ll see a directional turn," [Meredith] Whitney said in a live interview. "Banks will make a little money, as little as a penny a share, but they won’t lose money."
...
She also said she expected home prices to fall another 30 percent ...
House price comments at 5:25 into this interview ... "peak to trough off 50%":