RBC: HOUSE PRICES TO DROP UP TO 30% IN 2012

“Tom Porcelli, chief US economist at RBC Capital Markets, says he is not buying the recent positive data on US housing. He sees US home prices dropping another 10% – 30% in 2012.”

http://pragcap.com/rbc-house-prices-to-drop-up-to-30-in-2012

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