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Sluggish Open House Signals Slow Real Estate Recovery
In Kansas City and California, few buyers attend open houses as government rescue efforts and higher down payments dampen activity. Experts say mortgage standards remain tight despite a $700 billion bailout, with foreclosures rising and neighborhoods blighted by vacant homes.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas
Valerie Morrill
Prudential Real Estate
U.S. Treasury
Mortgage Bankers Association
California
Joe Minnis
Prudential California
San Bernardino
Minnis
American International Group
Treasury
Henry Paulson
U.S