Home prices in the US could deteriorate by another 25%, banking analyst Meredith Whitney told CNBC Thursday.
“No bank underwrote a loan with 10% unemployment on the horizon,” Whitney said. “I think there is no doubt that home prices will go down dramatically from here, it’s just a question of when.”
Whitney by the way appeared on CNBC this morning as part of a special on FORTUNE’s 50 Most Powerful Women list that was announced today (Full List of America’s top Businesswomen here » … Gallery »).
she is 100% write . house price go down 20-25%. I think house price go down to WHAT EVER THE PRICE 1997.
THANKS