Archive | December 5, 2009

Bo McCarver’s weekly housing news compilation – 12/1/2009

The fundamental supply/demand axiom of capitalism seems undermined as America’s urban zones are increasingly characterized by the peculiar specter of new housing starts in green fields — while a vast backlog of unsold, defaulted homes languish in the inner-city. Suckered into bloated mortgage rates and oversized houses, thousands of foreclosed homeowners are now subjects for [...]

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