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

To: Tradelite who wrote (86148)	8/20/2007 8:21:54 AM
From: Snowshoe	Respond to of 306849

>>Just because interest rates have been historically and EXTREMELY low recently does not mean they will stay that way.<< I did not suggest that mortgage interest rates will stay low!!! I think they will rise, and that housing prices will fall. I expect that the housing market will bottom out 3-5 years from now, with lower prices and higher* interest rates. That would be the time to buy. *Note: Buyers of foreclosed property may be able to get special "sweetheart" financing from lenders working off a glut of unsold property.