The Long Run

Recent data on house prices shows houses on sale for longer periods of time, and even downright reductions in home prices to get a house off the market. Econo-Girl is a bit upset that her thoughts are now mainstream. An article in the Washington Post gives really good examples of the real estate slow-down as it hits D.C. It seems people don't want to pay $1.9 million for a house and then have to rehab it. Imagine that.