There has been much made of the metro areas that have been particularly hard hit during the current housing downturn. However, housing prices in many urban areas within these metros have held up well. Will increasing gas prices and falling home values in the outer suburbs increase demand for homes closer to the urban centers?
What lenders are increasing their sales in Chicago, Boston and San Francisco where home values have held up reasonably well?
NAHB: Builder Confidence Unchanged at 68 in July
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