Wednesday, Mar 26, 2008
Stand off in the States
NYT: Be It Ever So Illogical: Homeowners Who Won’t Cut the Price
Three years ago, when the real estate bubble was still inflating, this sort of standoff was the exception. It’s the norm today. Overall home sales have fallen a remarkable 33 percent since the summer of 2005. Home prices, on the other hand, continued to rise until 2006 and are now only 5 to 10 percent below where they were in mid-2005, according to various measures.
Posted by quokka @ 12:35 PM (143 views) Add Comment
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