Housing and the economy are changing in ways noone understands. When I found William Olson’s blog (link below with quote), I had to share it so those who want to learn more about the economy and why today’s housing market is stalled. William is an “urbanologist” and author with his work published by the Chicago Tribune, International Journal of Economic Development … in other words, a respected economist.

Like many other people, I’ve been affected by the slowdown in housing. My business is helping homeowners maintain and repair their homes, and a sizeable portion of our work had to do with homeowners buying and selling their homes. Personally, we bought a condo in January, 2006 before we realized the real estate boom was over in NH. With all the homes we’ve bought and sold, we had never removed the “contingent on sale of existing home” clause from an offer. We’ll never make this mistake again as we ended up carrying 2 mortgages for 15 months and that wasn’t fun. READ MORE