Zombie Subdivisions Left To Crumble?
Every market is different, but in general, the odds of a huge nation-wide rebound in home prices is slim given that backdrop. Housing prices will likely remain depressed for several more years at least. In "real terms" I expect prices will decline for another decade.
A friend recently sent me an article entitled "Zombie Subdivisions Left To Crumble" a very good read.
What are the fundamental factors affecting housing right now?