Selasa, 29 Juni 2010

"The Next Leg Down in Housing" Explained - Home Prices to Decline to 1999 Levels on a National Basis

Locally, the drop in sales/contracts has already started with the expiration of the tax cred."  June's asking price will be August's anomaly.  Even an employment bump won't eradicate the area's massive inventory,  for years.   


New Home Sales have collapsed to record lows, and Existing Home Sales declined in May.  The Big Picture has a brief recap of the national housing/credit bubble and

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