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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (22051)7/9/2004 6:16:13 PM
From: Steve LoknessRead Replies (1) of 306849
 
<<Ordinary people look at their family/household needs and decide when to buy or sell houses.>>

As a builder I completely disagree!! Interest rates play a huge role in the affordability of housing. If you don't think so, put in different interest rates for the same house. The higher interest rate will prevent huge numbers of people from qualifying. Interest rates are a HUGE reason for buying.

Steve
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