Downtown mised use development now has a church in the plan

The development at the corner of Peace and Blount in Downtown Raleigh has been stalled for a while due to market conditions. As a result the developer has been looking to sell off pieces of the parcel in order to pay down some debt. Now, according to the News and Observer, someone may have answered their prayer. A church has part of the land under contract and hopes to begin building their worship center next year.

Check out this graph

US home sales fell to a record low in May. The graph at the end of this article may be all you need to understand the magnitude of the crisis. When do you think we will see a significant improvement in the economy and the housing market...1 year, 2 years, 5 years, 10 years?