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Real Estate Market and the Economy

The economy will not recover until housing prices stabilize. Housing affects not just American families but banks, credit markets and construction business and jobs. Wall Street Journal Economics Editor David Wessel explains.

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Posted by John Ford on 07/01/09 |
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2 Responses to “Real Estate Market and the Economy” »»

Funny

Comment by Funny | 07/01/09 at 4:30 am

So, we need to restore the bubble, since the economy is heavily dependent on maintaining it.

Because that’s what I’m hearing. Personally I’d like not to go back to the time when buying a house was seen as a short term investment or bank account. Just look at the trouble it got us into.

How about taking this disaster, and using it to shape the economy to something that doesn’t rely on massive amounts of housing construction, massive amounts of credit, and massive increases in valuation.
pain in the

Comment by pain in the | 07/01/09 at 7:00 am

Well, lower the damn prices to a stable level. I say we have a 50% off sale for all of July.

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Recent comments

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Real Estate Market and the Economy

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