It doesn’t appear so when even our Treasury Secretary is struggling to sell the house! Webguild reports that Tim Geithner, Treasury Secretary, is having a hard time selling his house which he bought at the peak of the market in 2004 for $1.6 million. More about this at webguild.

On the same topic, if you look at the time Tim Geithner bought the house, it was 2004… just right before the peak in 2005. He was President of Federal Reserve, New York. It’s a little consolation for all buyers that bought at or near the peak, even the Fed President couldn’t see the coming crash.

Related Link: Foreclosures Spread