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Top analyst Gary Shilling predicts explosion in "underwater" homeowners, stock crash
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Friday, June 05, 2009
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From Newsmax:

While conventional wisdom has it that the housing market has bottomed, some experts think otherwise.

Economist Gary Shilling is one of them. He sees the number of Americans' homes under water, that is, worth less than the balance of the mortgage, doubling from the current high of 13 million.

"A couple of months ago, a lot of people had hoped that the housing collapse was about over"

Read full article...

More on housing prices:

Scary chart shows home prices have a LONG way to fall

Over 20% of U.S. homeowners are underwater on mortgages

The "third wave" of foreclosures will ravage the real estate market

Topics: Housing | Guru | Real Estate
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