
For Leon Belenky, the low came at the beginning of summer. “Everybody was sitting on the sidelines,” says the Florida real estate broker. “They were waiting to see what was going to happen and no one was buying.”
By James Politi and Krishna Guha in Washington, Saskia Scholtes in New York and Rebecca Knight in Boston
Published: September 9 2008 20:09 | Last updated: September 9 2008 20:09

For Leon Belenky, the low came at the beginning of summer. “Everybody was sitting on the sidelines,” says the Florida real estate broker. “They were waiting to see what was going to happen and no one was buying.”