“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 . . .
Source:
Cheap Mortgages Are Hiding the Truth About Home Prices
Karen Weise
Businessweek, April 10, 2013
http://www.businessweek.com/articles/2013-04-10/cheap-mortgages-are-hiding-the-truth-about-home-prices
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