That’s Depressing

According to a recent CNBC release, “The US Housing Crisis Is Now Worse Than Great Depression….Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data…According to Case Shiller, which provides the most closely followed housing industry data, prices dropped 1.9 percent in the first quarter, a move that the firm interpreted as a clear double dip in prices.”

Fingers crossed it turns back around quickly; however, in the interim, you might want to touch base with your clients to at least let them know you’re staying abreast of the latest developments.

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