Why 2011 Won’t be Much Better for the Housing Market
January 13, 2011 at 14:40 PM EST
Home prices have now fallen farther from their peak than happened during the Great Depression. Sorting through the news this morning, we detect a common thread: IOUs gone bad and the inevitable response – a search for tangible wealth. Since 2006, the average home price has fallen 26%, according to Zillow.com. That’s a greater percentage [...]