The excitement of a recovery in the real estate market hit a big bump Tuesday afternoon. After showing signs of life, housing starts data flat lined, dumping cold water on the excitement of a real estate recovery.
The other big shoe many are waiting for is the bomb of commercial real estate. Many people fear with so many offices sitting empty, investors will not be able to cover loans. This will create another round of foreclosures and send shock waves through the real estate industry. If this is true, any recovery will be wiped out.
READ STORY CONCERNING HOUSING STARTS>>>>
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