Neighborhood Housing Market
Monday, March 10th, 2008by Judy Weinberg (Venner Road)
The downturn in the housing market has certainly been front and center in the media this past year. There is no denying that the mortgage crisis hit many homeowners, and the rapid increase in house prices in the past decade caused inflated prices that were just ripe for a correction. Why did this happen? A lot of this can be explained in two words: easy money.