Housing: The Party's Over

Is the housing market correcting itself or crashing?

1 minute read

October 3, 2006, 2:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


"So I guess it's official: The real estate market is tanking. On Monday, the National Assn. of Realtors reported that, for the first time in a decade, the average price of a U.S. home actually declined...houses are highly efficient delivery systems for denial...As much as it's about numbers, the more powerful current running through our national obsession with housing has to do with how it makes us feel...people who own their homes will tell you that the market is just fine."

Saturday, September 30, 2006 in The Los Angeles Times

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