NYT reports that the real estate crashdown isn’t just limited to Potemkin-village style build-n-flip hotspots like Vegas and and Florida. That’s just where it started. The giant needle of bubble popping is plunging through Seattle, where prices are down 30% from last year, and is making swift work of Minneapolis and Atlanta. One expert predicts prices could drop another 5 or 7% nationwide. Get out the dramamine, it’s double-dip time.
Even Nice Cities Not Safe From Housing Meltdown Anymore
By February 14, 2011