The fourth installment of The New York Times Home Economics series: Sweet Home Omaha – New York Times, by Richard Dooling.
“HOUSING prices are falling on both coasts, and bubble panic is around the corner. The financial magazines are already grabbing their readers by the throat and taunting them with headlines like: “U.S. Housing Crash Continues!” “Where Will Housing Prices Fall the Most?” “Is It Time to Cash Out?”
“What if it is time to cash out? Where do you go? If you sell on either coast, then you need to find real estate somewhere that the housing bubble missed. Guam? American Samoa? Wait, how about eastern Nebraska? Downright frothless when it comes to housing: the median home price here usually chugs along at the annual rate of inflation and never goes down (up 4 percent last year, up 22 percent over the last five years). . . [more]
Or listen to NPR: Talk Of The Nation.