And how much wealth has been lost on paper due to values declining? We’ll never know exactly. Even if we did I am not certain I would appreciate hearing.
What does this mean for the real estate industry? The mortgage industry? The building industry? What about the economy as a whole?
No Spring Break in Housing: Prices Likely to Keep Falling
Housing prices will not get a Spring bounce and will actually fall during the industry’s historically best season as buyers continue to wait for that elusive “housing bottom,” according to surveys and analysis by two top Wall Street firms.
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