US home prices: How low can they go?

Prices continue to plunge, but the US housing market doesn't appear to be turning around just yet, writes Standard & Poor's chief economist.

Even if one isn't reading a newspaper or watching the news, the problems plaguing the US housing market are in plain sight. Just look at all the for-sale signs in the front yards of most neighbourhoods. What's less apparent is how the effects of the ailing market are extending far beyond prospective buyers, would-be sellers, and banks and mortgage companies. Indeed, if not for the decline in residential construction activity, real growth in the US in 2007 would have been...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: standard & poor's | property

Print Edition

FinanceAsia Print Edition

EVENTS