30.05.2012 - Why low rates aren't reviving housing
For millions of people, it's never been cheaper to buy a home. With rock-bottom prices and record-low interest rates on mortgages, you'd think that prospective homeowners would be chomping at the bit to get themselves a piece of the American dream. What's happening instead is that home sales figures, while showing some gains of recovery, remain far below what you'd expect under such favorable conditions. Below, I'll show you some of the culprits behind the phenomenon, but first, let's take a closer look at why things are the way they are right now...............................................Full Article: Source
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