The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Pogeu Mahone who wrote (209801)	7/9/2009 11:44:18 AM
From: Jim McMannis	Read Replies (1) of 306849

U.S. Housing Market Is Cursed by Brain Freeze: John F. Wasik bloomberg.com July 8 (Bloomberg) -- If you are buying or selling a home in a market glutted with distressed properties, it’s time to change your attitude. Don’t be misled by pundits saying the bottom may be visible in this stultifying decline. The real-estate recession will continue unless a massive brain freeze thaws. Buyers are afraid of purchasing a home at the wrong price while millions of sellers are locked into unrealistic listing prices.

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