Housing Crisis: Threepeat Story of the Year?
Categories: Economy
For the second straight year, the mortgage crunch has been named national business story of the year. It's Time Magazine's second-biggest news story of 2007, period.
How prescient does Beth Hawkins' City Pages cover story from 2005 look at this point? Some of the warnings even look understated, like one mortgage insurer's estimate of a 25 percent chance housing prices in the Twin Cities would decrease between 2005 and 2007.
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