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If ever there was an obvious headline, the one above is it. The housing industry is in trouble, and it doesn’t look like there’s going to be a fix any time soon. So what’s going on? We’ll start with the news that existing home sales are at their lowest level in 15 years, down 27% [...]
A news story by CNN Money came out and asked this question: Is A Housing Shortage Coming? Their premise is that, because of the housing industry issues that have plagued the country for a few years, that there aren’t enough homes for those people who are ready to buy either existing or new homes. Frankly, [...]
They may not be having problems with bankruptcy or foreclosure, but the super-rich are finding out that their fancy, expensive homes aren’t selling any better than the homes of regular folks like us who try to sell our homes. Some of them are even discounting their homes at percentages the rest of us wouldn’t ever [...]
