Housing Market Probably Won’t Lead Recovery

When it comes to housing prices, it hasn’t just been a lost
decade: Many metropolitan areas have had two lost decades. In
nine out of the 19 Case-Shiller cities with data going back to
1991, real prices are lower today than they were 20 years ago.
In four of those areas — Atlanta, Cleveland, Detroit and Las
Vegas
— real prices dropped more than 15 percent over that
period.

George Dearing (1706 Posts)