Hollow US Economy Revealed By Housing Bust
By Webmaster - Posted on February 22nd, 2008
Tagged: cnn
• cnn
• drag on
• goldman sachs
• goldman sachs
• goldman sachs research
• negative equity
Cheaprealty presents:
According to CNN, Goldman Sachs research reveals 30% of mortgages nationwide, or 15,000,000 homes, are now worth less than the mortgages people are paying for them.
It's not over yet, 15,000 households with negative equity is a big drag on the housing ATM.
Comps are going to be going down as a result.
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