Real Estate Trouble
February 20, 2007
In Early to Rise, we've been predicting a big drop in real estate prices for about three years. Our bet was that prime residential housing would drop about 15 percent, less-well-situated properties and townhouses would fall by about 25 percent, and condominiums by about 50 percent.
Prices are definitely down, but it's hard to say for certain where they are right now because so few houses are actually being sold. There are loads of properties listed, but few buyers ... because those people who are selling are hopelessly hoping to get pre-collapse prices.
Read the rest of this article at Early To Rise.
posted by M. Masterson @ 8:23 AM,
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