June 12, 2009

MEGAN MCARDLE: Why I Think the Housing Bubble Has Not Yet Bottomed. “They bought near the height of the bubble. Yet they think their house has appreciated by nearly 10% in the intervening four years.” I see the same thing in my area: People who bought in 2005 or 2006 who think their houses are worth 20-25% more today. And they’re very resistant to cutting the price, even though their house isn’t selling.

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.