They say a picture's worth a thousand words. Lucky for everybody, this one's worth less, like just about everything else. It may be said someday that if one can get a loan, it may be the moment of a lifetime to buy a home, and that's likely to be the case for months, as home prices continue to wander down during at least the first half of 2012. Curiously, at some point in a real estate cycle hence, it should hardly come as a surprise for homeowners, localities, states, nations, even the globe, to find ourselves collectively kneeling, hugging porcelain, promising "never again." Business Week's Drake Bennett offers this timely turn on Charles Dickens' Bleak House
A bleak, by-the-numbers portrait of home prices, home sales, homeowners, and the construction and mortgage industries—all in distress.
URL to original article: http://www.builderonline.com/builder-pulse/call-it-2011-s-hangover-before-the-hangover.aspx?cid=BP:122811:JUMP
For further information on Fresno Real Estate check: http://www.londonproperties.com
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