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The Housing “Crisis”

Jul 20, 2008 | Market Update

Written By Heidi Rozeske

For most of us, it’s been virtually impossible to ignore the alarming real estate headlines.  Everyday, we see newspapers and news programs that scream “Home Prices Plummeting!  Foreclosures Soaring!”  But is the housing “crisis” just a slight problem that has been blown out of proportion?

 

CNBC’s Dennis Kneale crunched the numbers, and has come to the conclusion that the word “crisis” is a bit of an overstatement as much of what is happening in today’s Madison real estate market (as well as nationally) is not as bad as it may seem when you really analyze the numbers.  He also believes much of what is happening is just a necessary market correction after years of rising prices and easy lending.  I would encourage you to watch this video posted last Friday to the CNBC site. You can see it by clicking here.   

 

What do you think about the Madison real estate market?  The national one?  I’d love to hear your opinions and comments.

Written By Heidi Rozeske

Heidi Rozeske, the founder of Glass Slipper Homes, brings over 15 years of real estate expertise to the table. Her dedication to client satisfaction and her keen eye for detail make her an invaluable asset in your home-buying journey. Outside of real estate, Heidi enjoys staying active with pilates, indulging in creative hobbies like knitting and gardening, and sharing her thoughts through writing. Her commitment to community and personalized service sets Glass Slipper Homes apart in the Madison area.

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