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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tony who wrote (4603)8/21/2002 4:11:10 PM
From: tomso41Read Replies (1) | Respond to of 306849
 
Interest rates might go up only if the market takes off again and people perceive they have more money. I don't see this happening too quickly, if it all. Rates need to stay low to give people a reason to buy new homes or real estate in general, which also pulls money away from the Stock markets but will hopefully keep real estate market stable.



To: tony who wrote (4603)8/22/2002 5:39:10 PM
From: David JonesRespond to of 306849
 
....Two scenario’s in my book
1) Interest rates going up which I do not see any possibility....

Interest rates will go up on homes when the money dries up. It's coming. "but not before spring and the 6%/30 year common loan;)"

....2) When people cannot buy starter home...

Wages will out pace inflation and homes will trend. The discrepancy will diminish.

Whoops I spoke my mind!)


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