Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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What A Stuck Housing Market Looks Like
Posted on May 09, 2008
It s Friday desk clearing time for this blogger, The most severe real estate recession in decades appears far from over, with the pace of foreclosures rising, the fall in home prices accelerating and the pain spreading to nearly every major U.S. city, according to two reports. Gary Sweredoski, a Realtor in Myrtle Beach, S.C., is behind on his own mortgage and facing possible foreclosure. He s also sought bankruptcy protection. I m a real estate broker, and my business just died, says Sweredoski. I decided to take a look at Greenwich, CT, one of my favorite enclaves of ...
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