Cheap Mortgages: Misleading Home Price Watchers

Click to enlarge

~~~

 

 

“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

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Read this next.

Posted Under

Uncategorized