columbia economy: State of the Columbia Housing Market
- 10/10/08 06:28 AM
I went to a great presentation this week given by Jeff McClellan of First National Bank here in Columbia, MO. He spoke a great deal regarding the national economy and the Columbia economy. As we know, the national news media reports about how terrible and devestating the real estate market it and that it has been the downfall of the financial markets. What we do know is that real estate is local, so yes, there are areas of this country that have been very very hard hit by the devaluation of homes and increased foreclosure rates.