Housing Bubble 2.0 Veers Elegantly Toward Housing Bust 2.0
April 17, 2014 at 08:45 AM EDT
They’re not even trying to blame the weather this time. “Housing affordability is really taking a bite out of the market,” is how Leslie Appleton-Young, chief economist for the California Association of Realtors explained the March home sales fiasco. “We haven’t seen this issue since 2007.”