Twin Cities housing slide picks up speed
Friday, July 13, 2007
"Indeed, some housing experts eschew the term bust altogether. It's just too alarmist and unfairly connotes wholesale collapse, said George Karvel, a real estate professor at the University of St. Thomas College of Business. Karvel prefers the term "dramatic adjustment," a process he anticipates could take four years to work itself out."
Originally published: 07/13/2007, St. Paul Pioneer Press