The housing market crunch is speading from California and the Northeast to other parts of the nation.
"While homeowners are rejoicing at soaring values, a downside is emerging: the worst housing crunch in decades. The shortage is most acute in California, the Northeast and parts of the mid-Atlantic, but experts warn that it could spread. That's because housing construction is lagging population growth, and no relief is in sight. Home prices have gone through the roof in the San Francisco, Boston and New York metro areas. Home prices have gone through the roof in the San Francisco, Boston and New York metro areas. Now, however, the crunch is starting to be felt in fast-growing metro areas from Washington, D.C., to Seattle."
Thanks to Christian Peralta
FULL STORY: Housing crisis worsens as construction lags demand
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