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Loan Modification
: Mortgage Lender Implode-o-MeterHow Bad Is the Recession? Check New Home Sales
By Implode-Explode Heavy Industries
There have been bad housing markets before, but never in post-World War II history has the market for new homes suffered as badly as it has in this decline.
That plunge raises questions about whether some homes built during the boom will ever be sold. It could also suggest that home builders have been slow to cut their prices enough to keep up with falling market prices.
Full post as published by Mortgage Lender Implode-o-Meter on June 26, 2009 (boomark / email).
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