PORT WASHINGTON, N.Y. (MarketWatch) -- Housing will revive when prices come down to the point where demand rises enough to reduce the huge supply of unsold homes now overhanging the market. That said, this point is a long way off..."Figure at least another 20% before families can afford to buy"
Tuesday, December 18, 2007
How Low Must Home Prices Go Before They Become "Affordable"?
PORT WASHINGTON, N.Y. (MarketWatch) -- Housing will revive when prices come down to the point where demand rises enough to reduce the huge supply of unsold homes now overhanging the market. That said, this point is a long way off..."Figure at least another 20% before families can afford to buy"
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