Another view: A new reality

Another view: A new reality, Laurinburg Exchange – May 20, 2012…. Both home sellers and local governments face the stark new reality of property values in the post-crash era. Even if the home market stabilizes and values begin to rise, most economists think it will take between five and 10 years for the average home to recover the value lost during the Great Recession. It’s a new real estate world, and each of us will have to decide how to react….  Dr. Mike Walden, William Neal Reynolds Professor and North Carolina Cooperative Extension economist.