Wednesday, July 14, 2010
Low Prices and Cheap Loans Abound - But Where Are All the Home Buyers?
On paper, it's the chance of a lifetime - a golden opportunity not to be missed. Mortgage interest rates are at their lowest since 1971 and home prices have reached their lowest point since 2002, says IHS Global Insight Inc. economist Patrick Newport, and appear to be stabilizing. Veteran real estate agents are hard-pressed to remember a time when rock-bottom rates and affordable prices . . . Continued.