Thursday, January 21, 2010

Housing crisis hits 1600 Pennsylvania Ave.

I hadn't heard that the economy was in bad enough shape to put the White House on the market, but apparently the country's most famous address has lost about 5% of its value in the past 12 months. For those of us with property on the market, we know all too well that this is not the time to be looking to sell a home unless it's absolutely necessary.

In the AEC space, firms' book values dropped slightly in the past year, not a surprise based on the rocky road many companies found themselves on in 2009. What do you see on the horizon for 2010?

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