The Worlwide Effect of the US "Mortgage Crisis"

I came across this interesting article talking about the Russian mortgage market, and how it may (or may not!) be effected by the sub-prime collapse here in the United States.  It's pretty interesting stuff if you follow mortgage news.

In other news, a somewhat-not-as-dark-as-the-rest-of-the-market-sort-of-bright spot in the market is smaller, trendy homes.  As a response to the retail credit squeeze, builders are shrinking down both pricetags and floorplans, hoping to make up the difference in volume...