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In "A Tale of Two Counties," Lawler compares two Washington metro areas: Prince William County, Va., and Prince George's County, Md. Both counties witnessed rapid home-price appreciation during the housing boom. Both had higher-than-average shares of subprime mortgages. And both saw prices take a dive from their 2006 peak.
Today, home prices in Prince William County are above the 2009 lows, while those in Prince George's County still are declining. The difference seems to be the speed with which foreclosed homes were resold.
Housing's good news is government cash shortage
Seeded on Tue May 10, 2011 1:34 AM EDT
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