While talk of a housing bubble triggered by higherinterest rates is a topic of discussion and much news coverage, mostconsumer are confident about real estate prices and don't seemconcerned by some increases in mortgage rates. Three quarters of therespondents said that they had very little concern about theprospective value of their homes.
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I caught this unintentionally hilarious REMAX tv spot tonight. The voice-over actually boasted "And now REMAX has even more listings to choose from."
Yeah, no kidding.
While talk of a housing bubble triggered by higherinterest rates is a topic of discussion and much news coverage, mostconsumer are confident about real estate prices and don't seemconcerned by some increases in mortgage rates. Three quarters of therespondents said that they had very little concern about theprospective value of their homes.
Here's an interesting article:
Second-Home Housing Glut;
Real-Estate Bubble Losing Air
http://www.realestatejournal.com/buysell/markettrends/20060601-blumenthal.html
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