Sharga: Housing Crisis Slows Recovery

IRVINE, CA-“Virtually every recovery we’ve had in the last 100 years has been aided significantly by the housing market—housing has helped drag the economy back,” Rick Sharga, EVP at Auction.com, tells GlobeSt.com. “This was the first time a recession was started by the housing market going down, so it’s not a surprise that the recovery is behaving differently because housing is struggling to recover at the same time.”

As GlobeSt.com reported earlier this week, Sharga has been named by Inman News as one of the 100 Most Influential Real Estate Leaders for the second consecutive year. The Inman 100 report is annual list of thought leaders, power brokers, dealmakers and entrepreneurs who embody “ingenuity, strength, conviction, power, persistence and progress,” according to Inman News.