Wednesday, April 22, 2009

"For Housing Crisis, The End Probably Isn't Near" - NYT

In this NYT article, David Leonhardt visits foreclosure auctions around the US and concludes, based on the low prices, unsold inventory, and more distressed properties that will come on the market due to Fannie Mae and Freddie Mac foreclosures, that the end is still some time away...nationwide. Leonhardt discusses prices dropping then ends by saying,

[T]he great real estate crash is not over....So if you are part of the 30 percent of American households who rent and you’re trying to decide when to buy, relax.


The market is still coming your way.

Read here.

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