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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 . . .



Cheap Mortgages Are Hiding the Truth About Home Prices [3]
Karen Weise
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/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/04/housing.jpg

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/04/housing-2.jpg

[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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