Posted AT 9:34 PM EST on 03/09/06
The housing collapse heard round the world
Real estate agent Andrea Gaus knew the market was out of whack when the price of a typical four-bedroom house near good schools in the leafy Maryland suburbs of Washington shot past the $1-million (U.S.) mark.
“It got to the point where appreciation was so high that it priced people out of the market,” Ms. Gaus said.
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