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The housing market's staircase recovery

08/22/2012 11:56am - via http://bit.ly/MN61vq... - Details

johy7213ha: With the acute shortage of resale inventory across the Southwest, it's hard to imagine prices going down, and in the short term, they won't. Of course, circumstances could change quickly as they did this spring, so anything is possible. However,...

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johy7213ha saved this page on 08/22/2012 11:56am

With the acute shortage of resale inventory across the Southwest, it's hard to imagine prices going down, and in the short term, they won't. Of course, circumstances could change quickly as they did this spring, so anything is possible. However, if the federal reserve can keep interest rates at record lows, and if the lending cartel can process the backlog of distressed loans without causing resale inventories to spike, then prices will not go down in the future. But is it realistic to think both of these circumstances will come to pass? Mortgage interest rates hit all-time lows because the federal reserve took short-term treasury rates to zero and began buying 10-year treasuries and mortgage-backed securities to drive mortgage interest rates down to levels a free and unmanipulated market would never see. Over the last few weeks, a major selloff in government bonds has caused interest rates to rise, but we saw a similar correction in November of 2011 followed by a resumption of the dow

bilv2e5kcu saved this page on 08/22/2012 11:56am

With the acute shortage of resale inventory across the Southwest, it's hard to imagine prices going down, and in the short term, they won't. Of course, circumstances could change quickly as they did this spring, so anything is possible. However, if the federal reserve can keep interest rates at record lows, and if the lending cartel can process the backlog of distressed loans without causing resale inventories to spike, then prices will not go down in the future. But is it realistic to think both of these circumstances will come to pass? Mortgage interest rates hit all-time lows because the federal reserve took short-term treasury rates to zero and began buying 10-year treasuries and mortgage-backed securities to drive mortgage interest rates down to levels a free and unmanipulated market would never see. Over the last few weeks, a major selloff in government bonds has caused interest rates to rise, but we saw a similar correction in November of 2011 followed by a resumption of the dow

jef95oxxga saved this page on 08/22/2012 04:21pm

With the acute shortage of resale inventory across the Southwest, it's hard to imagine prices going down, and in the short term, they won't. Of course, circumstances could change quickly as they did this spring, so anything is possible. However, if the federal reserve can keep interest rates at record lows, and if the lending cartel can process the backlog of distressed loans without causing resale inventories to spike, then prices will not go down in the future. But is it realistic to think both of these circumstances will come to pass? Mortgage interest rates hit all-time lows because the federal reserve took short-term treasury rates to zero and began buying 10-year treasuries and mortgage-backed securities to drive mortgage interest rates down to levels a free and unmanipulated market would never see. Over the last few weeks, a major selloff in government bonds has caused interest rates to rise, but we saw a similar correction in November of 2011 followed by a resumption of the dow

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