Home Prices: When Will They Recover?
January 25, 2011 at 17:47 PM EST
Home prices edged down again, though the decline was much milder than we saw in 2007 and 2008. The problem is not caused by underwater mortgages or foreclosures or problems sub-prime families have getting new mortgages. It’s simply supply and demand. We have too many housing units relative to the number of families. That shows [...]