according to Jared Bernstein, senior economist with the Economic Policy Institute, when speaking on the topic of continued record home price declines. He continues, "You have a huge speculative bubble leading to a severe inventory overhang. And now home prices will have to decline accordingly." Read more at CNNMoney.com and pay special attention to his comment that sellers may be starting to blink.
Don't forget to check back to Dan's Deep Creek Real Estate Blog for future updates.
Tuesday, October 28, 2008
"It's Economics 101" ..
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment