Here’s a short and sweet video that sums up why our economy can’t fully recover until housing prices stabilize. It talks about the supply and demand issues that are currently hindering a housing recovery and how that affects consumer and bank balance sheets. It also explains why construction will continue to be weak [...]
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Homeowners Overly Optimistic
According to a recent survey, 80% of homeowners don’t believe their homes will lose value over the next 6 months. This is really optimistic compared to the average analyst’s prediction that homes will decline another 10-15% nationwide. Homeowner optimism is one of the reasons why the housing crisis is taking so long to [...]