If only we could point the finger at someone to blame for the abysmal housing market. However there were so many factors that – in the end – has been worse than the one during the Depression that we can only trudge along with our heads hanging low for now.
The nationwide index fell for the eighth straight month. Prices have now fallen further since the bubble burst than they did during the Great Depression. It took 19 years for the housing market to regain its losses after the Depression ended.
19 years? Holy cow, Batman. I suppose I’ll be here in my house for some time.
Here’s my advice for anyone wanting to sell. If you see an agent who can afford to advertise at this time, that person has found a way to SELL. Make sure you interview the agent, along with one or two others!