Monday, June 29, 2009
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
The 1973 to 1975 recession was severe, although not as severe as the current one.
ReplyDeleteI think the brief moment of hope that housing had hit a bottom and that both the rate of home sales and prices would improve is slipping away.
"The pressures that will push prices down, by another 20% in some markets, are rising interest rates and an unemployment rate that will almost certainly go over 10% and stay there for several quarters."
Recently read an interesting article on a similar premise.Is the housing market improving