Friday, September 21, 2007

Housing woes pinch new home size

Home builders have lately been on a steady course of constructing ever larger houses and condos for the consumer who was looking for a bigger place to live in, whether he really needed it or not. That was the trend for years. It, in fact, accelerated during the early years of the millennium when mortgages were inexpensive and easy to get. Life was good.

A responsible attitude toward the marketplace and how it truly functions were largely forgotten by many and it gradually germinated heavy overbuilding and increasing foreclosure rates and all that has brought us to today's stagnant residential real estate environment. Please click on the link in this paragraph to continue.

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