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Real Estate Downturn Produces Condo Glut

By Scott Horsley

Published August 24, 2006 at 6:00 AM EDT

Street-corner advertiser Scott Webb has been pointing buyers in San Diego, Calif., towards condominiums for two years. Sign-twirling earns him $14.20 an hour.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

See stories by Scott Horsley

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The incoming Congress is preparing to extend expiring portions of the 2017 tax cuts from the last Trump administration. Congressional bean counters say that will have little effect on economic growth.
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