American real estate market battered by subprime crisis

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The American real estate market in free fall


CategoryReal estate news

ChapterInternational property news


The American real estate market in free fall

Housing prices are down and the number of foreclosures is cause for alarm: +79% in 2007! The cities of Miami and Las Vegas are the most severely impacted followed by Detroit, Minneapolis, Phoenix, San Diego, San Francisco, Tampa, Washington, etc. Only Charlotte in North Carolina seems to have been spared.

According to real estate specialists, it will take several months before the real estate market recovers a semblance of stability.


Updated on: 17/06/2008


And on the same subject:

The subprime crisis

Fuether information :

USA real estate still declining


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