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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
“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 . . .
Cheap Mortgages Are Hiding the Truth About Home Prices 
Businessweek, April 10, 2013
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/04/cheap-mortgages-misleading-home-price-watchers/
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 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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