Sunday, December 12, 2010
Home sales to increase?
This article from Fortune shows that mortgage rates have hit the highest level in 6 months. Though this doesn't sound like it would increase buying of homes because people will be more able to be financed, it gives the argument that home-buyers are assuming that the housing market has hit it's lowest point already, and are on the way back up. This means that housing prices are (on average) at the lowest point and that the time is now to buy. This, in turn, would increase the number of houses bought, and also the prices.
Subscribe to:
Post Comments (Atom)
1 comment:
It will definitely be interesting to see how the housing market does because people are still being very careful about spending their money and i bet that if we continue to have high unemployment then we will not see any major jump in home sales.
Post a Comment