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Cheap Mortgages: Misleading Home Price Watchers

Posted By Barry Ritholtz On April 11, 2013 @ 3:30 pm In Credit,Real Estate | Comments Disabled

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“We are currently in a carnival funhouse mirror. Homes seem quite affordable when at base they are not.”
-Stan Humphries, chief economist at Zillow.

Nice piece in Business Week explaining how ultra low mortgage rates are creating a misleading sense of the housing market . . .

 

 

Source:
Cheap Mortgages Are Hiding the Truth About Home Prices [3]
Karen Weise
Businessweek, April 10, 2013 
http://www.businessweek.com/articles/2013-04-10/cheap-mortgages-are-hiding-the-truth-about-home-prices


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[3] Cheap Mortgages Are Hiding the Truth About Home Prices: http://www.businessweek.com/articles/2013-04-10/cheap-mortgages-are-hiding-the-truth-about-home-prices

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