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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