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Real estate slump spreads across the United States
The nationwide housing downturn, sparked by the 1987 stock market crash, hits California Seattle and Florida as builders slash starts and prices. Loses in demand force layoffs, with Century 21 closures and Kaufman & Broad auctions revealing deep discounts on luxury homes.
MENTIONED IN THIS ARTICLE
Northeast
California
Seattle
Florida
Robert Villanueva
National Association of Home Builders
New York
Terry Yapp
Mission Viejo
Los Angeles
Century 21
Kaufman & Broad Home Corp
William Lange
Lang Financial Corp
Charles Henderson
Henderson Homes