The real estate market is weak and getting weaker with millions of homes sitting empty. Unmowed lawns and weed filled driveways point to the end of the road for the American Dream. We have more homes vacant than ever before. The situation is rapidly getting out of control. With interest rates going up and banks refusing to lend money, properties are not moving.
Most of the glut due to overbuilding would disappear in a few months in ordinary circumstances, but there are not normal times. We are rapidly descending into a reccession.
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