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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (1689)6/8/2013 12:29:20 PM
From: Smart_Asset  Read Replies (1) of 2722
 
Your making my point. The low inventory is, imo, the #1 reason for the resurgent housing market. Historically low interest rates are a factor but they have been very low for some years without creating the boiling market we have now. The recent mini spike in rates also contributes. Consumer confidence, as you mention, plays a role but most certainly a minor role vis a vis other factors.

I suppose one might wonder exactly what Mr Green means by the 'housing market' but rising prices, sales volume, market time and many other factors contribute.

I discounted his article based on his attacking another pundit but conveniently leaving out the compelling reason for a 'resurgent housing market'.
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