US property market facing further pressure in 2010, according to leading economist

[Nicholas Wallwork]

The meltdown of the US housing market is not over yet and property prices will soon start falling*again as a flood of foreclosures looms, it is claimed.

Mark Zandi, chief economist at Moody's Economy.com is predicting that foreclosure sales will*pick up again in the New Year and as a result property prices will resume their decline.

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[nikolairealesta]

I am hopeful that despite the dive of economy everything will still be alright.

 

[samwanders]

how is the economic of the other industries now?

 

[davebrown]

I can see a boost in my area Colorado, Utah and Idaho. There is big opportunity for investors and soon the things will get back to normal.