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Roubini calls for another $1 trillion in further housing losses and says the US real estate market is "for sure double-dipping". Home price indices and new/pending home sales figures confirm as much.
From DealBook:
From DealBook:
Dr. Doom Predicts Another $1 Trillion in Housing Losses
By EVELYN M. RUSLI
As Nouriel Roubini heads to Athens to meet with investors and policymakers potentially about the debt crisis in Europe, the economist says he’s increasingly worried about a problem closer to home: America’s real estate mess.
The country’s real estate problems are “underappreciated,