A year ago, economists predicted 2008 would be a challenging year for the struggling real estate industry. The property market had just come off what seemed then like its worst year ever and signs of a recovery were faint. A year later, after watching property values plummet further, foreclosure rates soar higher, and home sales shrink lower, real estate professionals from Florida to California are now predicting far worse for an industry in ruins.
read the rest of the article here > http://www.portfolio.com/views/columns/dual-perspectives/2009/01/20/Think-Small
Friday, April 24, 2009
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