Who’s Going Boom. Who’s Going Bust.
BusinessWeekOnline has an interesting article on which areas of the country have historically recovered quickly from a housing boom and which have had more difficulty in pulling themselves out of a slump. Additionally, the article takes a look at just how common the boom-bust-boom pattern has been throughout the last thirty years.
According to BusinessWeek, the good news is that in the past thirty years, 40% of housing busts in big metro areas have eventually been followed by strong recoveries. How can you tell which markets will rebound quickly? The article discusses at length which factors appear to have influence over that process. To read the article Boom! Bust! Boom? in its entirety, click here.