House prices could fall 10% in 2007 if a credit crunch taking shape in the mortgage market gathers momentum, said a Merrill Lynch researcher this week.
The company stated that the biggest concern is that tighter lending standards in the mortgage market -- even if it is confined to lower-quality (read "sub-prime") borrowers -- will constrain overall housing demand and hamper recovery in the housing market.
Source: Reuters
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment