The news on the US mortgage crisis just gets worse, with little indication the finish is near. Last night, figures released in the US, show house prices in the Standard & Poor’s Case-Shiller 10 city home price index fell 2.7% yoy. This is the largest decline since 1991.
» Home prices fall at fastest rate in 16 years – Market Watch, 26th June 2007.
» Home sales, consumer sentiment hit Wall St – The ABC, 26th June 2007.