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Loan Modification

: Mortgage Lender Implode-o-Meter

Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand

By Implode-Explode Heavy Industries

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"More signs of upcoming turbulence in Chinese property markets... Shanghai Daily is reporting that real estate developers in the city have been reluctant to cut selling prices, despite signs demand will die without lower prices. The market is facing a potential 70% drop in transaction volume"

Full post as published by Mortgage Lender Implode-o-Meter on May 29, 2010 (boomark / email).

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