Ar_home_b_search
 



washington: Excess supply an uninvited drag on housing recovery for years - 09/04/10 09:17 PM
The prevailing housing mess was for the most part caused by too many homes chasing too few buyers. That's a classic case - Economy 101 stuff on college campuses - of real estate supply and demand going their separate ways. A not just a tad, but by a mile, to put it mildly. Of course, easy mortgage money egged on the housing market to ever further heights that ultimately began defying gravity. Even that precarious stage lasted longer, despite a host of red flags being hoisted, than many real estate observers foresaw.
Moody's Investor Service recently reported that at the end … (13 comments)