An economist who predicted the 2008 housing crash claims US property prices will fall a further 15 percent - after already.Ian Shepherdson said a recession and credit crunch will drag down the value of properties while rising unemployment would also deter would-be buyers. Shepherdson, the chief economist and founder of Pantheon Macroeconomics, predicted 2008 crisis three years before it happened in 2005. Prices peaked in 2006 before sharply falling until 2012.
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