When will the real estate market climb all the way back to the top?
By Judy Chapman
(Referral Network of Illinois LLC)
When will the real estate market climb all the way back to the top? Maybe never. That’s right … maybe never. Fueled by free money, relaxed lending practices, and careless appraisals, the steep climb in market values was artificial. Because the bubble was spurred by greed and high hopes, it wasn’t based on value but on speculation. As a result, it could take a generation or more for those lofty highs to return.
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