In a not so simple economic sag, can we rely on the simple law of supply and demand to correct this housing market? With new construction starts at an all time low the inventory of resale homes will thin out over the next 3 years, making this 2011 prediction plausible. See the article for the full theory...
http://rismedia.com/wp/2008-06-25/looking-back-to-look-ahead-2005s-imperfect-crystal-ball/
Monday, June 30, 2008
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