The Real Estate Stumble

The real estate market has been in the news with a vengeance this past several years, first because of it’s meteoric rise and now because of it’s fall, or at least stumble. It’s certainly cooled off, that’s clearly the case. Some markets, especially those that saw the biggest gains these last few years, seem to be faring more poorly than others. Now we have word this week that housing starts have dropped to their lowest point in 14 years. Seems like a pretty gloomy time to be selling a home. On the other hand, those buyers that have been holding out for a good deal might be in for a good time for awhile. It’s been quite a long time since we’ve had a nice buyer’s market.

If you want to get caught up on the situation quickly or just want to better understand what exactly happened to the market, there’s been quite a bit of ink on the subject this last year. If you don’t have a lot of time, there’s a short little piece at Time.com that summarizes a bit of the situation. SeekingAlpha.com has a very convenient housing bubble and real estate tracker page that will give you a lot of links to relevant links on real estate.