Relevant:
- STORM CLOUDS FOR BUILDERS With the tightening mortgage market and a backlog of unsold homes, conditions are bleak
- Archstone Consulting Holiday Forecast- Cold Shoulder from Shoppers, Blizzard of Discounts
- WSJ: Banks Selling Foreclosed Homes for "Huge Discounts"
- Foreclosed homes flood auction
- Central Bank Says Spain Has Up to 1.1 Million Unsold Homes, Prices to Fall
2008-05-12 — iht.com
"When a regulatory hurdle hit the Japanese housing sector last year, Tokyo assumed any delays would be short-lived. But almost a year later, a growing backlog of unsold homes threatens to dent already feeble economic growth."
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