According to a Merrill Lynch report, home prices will drop 15 percent this year & declines will continue in 2009
David Goldman, CNNMoney.com
The worst housing financial crisis in decades is only going to get worse, a Merrill Lynch report said Wednesday.
The investment bank forecasted a 15 percent drop in housing prices in 2008 and a further 10 percent drop in 2009, with even more depreciation likely in 2010.
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