It's a real estate storm that made landfall like a slow-moving Gulf Coast hurricane here in south Florida and in other once-booming housing markets last year. In recent months it has gathered momentum and spread, shaping up to become perhaps the worst home-price slump since the 1920s and '30s. The bust promises to have lasting effects. (Christian Science Monitor, Monday)
The roots are in the government.
FEE Timely Classic
The Neglected Factor in the Housing 'Bubble' by Raymond J. Keating