Why home values may take decades to recover
Monday, December 15th, 2008For every $100 spout on a house in 1950 the investment rose slightly through 2002, then soared to about $192 in 2006, adjusting for inflation. Then confidence in dried up, and the bust began. Rick Wallick moved into a new, three-bedroom $200,000 home in Maricopa, Ariz., in October 2005. Today, the well-informed in is worth [...]
