Seriously, folks, I uncharacteristically overreacted in my post last Friday about Wall Street’s breathtaking plunge the previous day. Is my face red.
Although I was correct in predicting that the market would close lower on Friday, I was rash in expecting that the events of Thursday would kill the Big Apple’s housing recovery until fall.
I make this acknowledgment after surveying several lawyers, lenders and brokers, despite some notable short-term effects. Continue reading