Thursday, December 9, 2010
First Case-Shiller called a double dip in home prices.
Then Roubini said that the United States “real estate market, for sure, is double dipping”, and and predicted that banks could face another $1 trillion in housing-related losses.
Now Zillow is forecasting that U.S. home values are poised to drop by more than $1.7 trillion this year.
I'm not sure what the exact numbers are, but this looks like it's going to be grim.