Filling you in on the current state of the economy.
- The lowest point of the housing bust was characterized by a glut of supply. Homes for sale remained on the market longer, and foreclosed homes and those with mortgages in default added to or threatened to add to this inventory. As a result, prices fell, and construction of new homes fell to extremely low levels. While there are many encouraging signs of recovery in housing markets at the national level, there is a good amount of variation in the degree of recovery across the country. Read more