Another great piece on how the law of supply and demand applies to real estate. I contacted the man we believe to be the nation's most accurate prognosticator of the housing mess, Kirk Nace, and his somewhat abrupt response was simply "look, I have been sharing that our bottom won't occur nationally until the later part of 2015 at the absolute earliest and prices will be at least 25% lower than where they are here in the later part of July 2011. At least with the other turmoil in D.C. they may not have enough focus on this to continue screwing it up!"
Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/43913483
