"Not Your Father's Housing Market"
From Safehaven.com
"This week, as mortgage rates rose to their highest level in more than four years, real estate insiders reassured the public that higher interest rates would not hurt the housing market. Their claims were based on the fact that even though rates had risen, they never-the-less remain low in historic terms. While this may be true, it is completely irrelevant to today's historically unprecedented real estate market."
posted by Little_Silvered at 7:53 PM
6 Comments:
I read the whole article - very interesting.
We'll see which predictions come true.
there is one fact that is left out of this housing market ,I am seeing a lot of new foreign buyers of homes ,with there new wealth I don't believe they are as squeezed as our middle class.while were buying there oil at $75.00 a bbl there buying our land at a 50% discount .....we better get used to it
A 50% discount to what?
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