President Bush responding to questions in Virginia about the economy was quoted as saying;
"Well, what happened was, they overbuilt -- or we overbuilt -- built too many homes relative to the number of buyers."
President Bush predicted the housing market will remain soft until the excess inventory is gone.
News Release
Related Florida real estate views:
President Bush comments on the housing market
President Bush not completely happy with housing bill
How does President Bush pick a real estate agent?
- Greg Staker 407-304-0255
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