US Housing Doldrums

Are people beginning to capitulate?

Inquiring minds are beginning to see that populace is starting to ‘get it’ about the real estate market…Its down-and-out and ain’t coming back any time soon:

Some 58% of Americans expect the US housing market to stay depressed for two or more years, a survey has found.

In the survey, 48% of respondents said they would consider walking away from their mortgage if they were in negative equity – up from 41% since May.

The findings by property websites Trulia and RealtyTrac come as house prices have begun falling again.


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