Word: nortillo
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Those who already own their houses are discovering that they cannot sell them. Last May, Management Consultant Robert Nortillo, 41, put his four-bedroom home in the Hoffman Estates suburb of Chicago on the market for $102,000. When it did not sell quickly, he had to leave his wife and five children in Illinois and begin commuting twice a month to his new job in New York City. Although he has lowered the asking price twice, at $95,000 his house remains unsold. "Mortgages are available," he says, "but they are so darned unreasonable that no one is willing...
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