Oct. Case-Shiller Numbers:
Down 18% from ’07

“People who think they’re going to lose their job don’t buy a home”
–Steven Ricchiuto, chief economist at Mizuho Securities; NY Times (12/30/08)

There’s not much mystery about the most recent leg down in the national housing market: recessions destroy jobs, and people who are unemployed — or worry they may soon be — don’t make major purchases.

For most people, there’s no bigger financial commitment than buying a home.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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