There’s a growing consensus among economic and financial experts on the rate at which the real estate bubble will deflate. It will be a slow leak, they say. But the reality is far more chilling.
Last month, former Fed Chairman Alan Greenspan said, “The worst may well be over.” But the “worst” is a frightening picture: Median prices for home sales have fallen sharply year-over-year, for two straight months, according to National Association of Realtors.
Ask me what the real estate story is in Charlottesville!