Biggest Real Estate Boom In The PostWar Era

Despite terrorism and recession, home sales in urban areas has remained remarkably strong.

1 minute read

March 30, 2002, 9:00 AM PST

By Chris Steins @planetizen


"Even as the rest of the economy was faltering, the housing market remained strong in many parts of the country, contributing to what has now become one of the biggest real estate booms in the postwar era. "I've never seen a market like this, not in 26 years in the business," says Alana Lasover, a realtor in Washington... In many cities, she says the upper-bracket market – houses over $800,000 – is soft, but anything under that goes quickly."

Thanks to Chris Steins

Thursday, March 28, 2002 in The Christian Science Monitor

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