Real Estate

Economists are scratching their heads over an apparently unprecedented situation in the housing market:  a serious decline in the absence of other alarming recessionary characteristics in the broader economy.  While home prices drop and inventories climb, the national economy continues to perk along – more slowly, perhaps, but without grave disruption. This is not the S&L boondoggle and it is not the 1989 collapse.  But what is it? I’m not an economist and I haven’t collected any statistically sound data, but I can …