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Housing market favors investors, shortchanges consumers

Posted on 05 April 2013

Opportunities, like good ideas, require action to become reality. Without action, opportunities are just pipe dreams. Today’s historic low housing prices and mortgage interest rates signify a rare opportunity that middle-class families seldom get: The chance to build wealth for the long term.
But the current supply and demand imbalance in the housing market of a glut of mortgage-ready buyers and not enough housing to go around makes this era of “opportunity” a long shot for most. Even worse, the dynamic of low supply will soon inflate housing prices and put them beyond the reach of working-class families, closing the window of opportunity for a generation………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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