What Will The End Of The Housing Boom Look Like?

When America's housing boom ends, it will end gradually, not like the stock market, says a Harvard scholar.

1 minute read

August 29, 2005, 11:00 AM PDT

"Unlike stock prices, the housing market can't collapse in a few days. People can dump their stocks almost instantly, but it often takes months to sell a house.

In past housing busts in California, New England and elsewhere, many owners who couldn't get what they considered a reasonable price yanked their houses off the market. The number of transactions plunged but prices fell only gradually, often over several years."

[Editor's note: The link below is available to non-subscribers for 5 days.]

Thanks to Chris Steins

FULL STORY: How Will Home Boom End?

Saturday, August 27, 2005 in Wall St. Journal

Housing United States

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