Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Lending / The Ticker

Stop blaming rising interest rates for the housing slowdown

Blame the economy instead

/ Print / Reprints /
| Share More
/ Text Size+

So you heard that rising interest rates are forcing first-time homebuyers to stay on the sidelines, effectively derailing the housing recovery?

Well, think again, argues Heidi Moore in The Guardian.

As Moore explains it, a true housing recovery cannot occur until a real economic recovery is afoot. Per The Guardian:

Rising interest rates are not wrecking the housing recovery; what is wrecking the recovery is that house prices are rising faster than the ability of people to afford them. Maybe we thought we could cheat history, and that a housing recovery would bring about an economic recovery. That can't happen. The housing recovery can't start until the economic recovery begins.

Source: The Guardian
Read full story
Comments powered by Disqus