Some places where housing went wildest during the growth years, like Prince Georges County, Maryland, and Gwinnett County, Georgia, are now having the hardest time regaining momentum after the recession, the New York Times reports. The major reason is a massive hangover of personal debt taken on as housing prices as much as doubled. “Typically where the recession hits hardest the comeback is more vibrant,” Amir Sufi, a University of Chicago finance professor, tells the Times. “We’re not seeing that this time around.”
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