Cheap Mortgages: Misleading Home Price Watchers

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“We are currently in a carnival funhouse mirror. Homes seem quite affordable when at base they are not.”
-Stan Humphries, chief economist at Zillow.

Nice piece in Business Week explaining how ultra low mortgage rates are creating a misleading sense of the housing market . . .



Cheap Mortgages Are Hiding the Truth About Home Prices
Karen Weise
Businessweek, April 10, 2013

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