AgentMarkets & Economy

Commercial market to infect housing?

Some see real estate crisis spreading in 2010
Published on Dec 28, 2009

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by CareyBot

The problems in the real estate sector are beginning to look like a bad flu epidemic that just keeps circling the globe and returning to infect those who have already suffered the virus.

Back in 2007, subprime mortgages deflated and an ensuing credit crisis gripped the banking sector. Immediately, the residential real estate bubble collapsed and home values decimated, dropping as much as 50 percent in particularly hard-hit cities.

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