US News: Schiller says US house price fall may double

From Times OnlineApril 22, 2008

The US is seen as the epicenter of the global property bust, but they’ve only seen the same (or perhaps less) drop in property prices as we have.

Of course in global terms, when you combine a 15% drop in prices and the slide in the Dollar, US property has actually fallen a lot further than us. Talk about a double whammy.