Watchhttp://isharesblog.com/blog/2012/09/18/housing-recovery-try-long-convalescence/
While the extra liquidity is supportive of risky assets in the very near-term, lower mortgage rates are not a game-changer for a consumer still struggling with little income growth and too much debt. Certainly, the prospect of buying another $40 billion a month of mortgage-backed securities will help keep home-loan rates low for a long time, but they were already low. In July, a conventional 30-year mortgage could be had for 3.75%. It’s not clear that a potential 50 basis-point reduction in mortgage rates will spur a housing renaissance. Our view remains that, while the housing market is clearly on...
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Tarzana, CA
Thanks Patrick for the informative article where the orange highlighted links actually connect to another article to back up the facts stated.
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46 male
Menlo Park, CA
It's semi-automated now. If you post a link as the first thing on a line in a new discussion, my code tries to automatically select a relevant excerpt. Worked pretty well in this case, and most of the time lately.
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jvolstad's website
I'm wondering how much shadow inventory we have on the books. Add to that, home debtors just hoping to sell and break even.
As we baby boomers start to retire, a number of us are going to want to sell in order to get equity out of our houses. That is if there is any.
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Somewhat related, I just purchased 2 copies of your book.