Home prices have fallen and show some sort of stabilization. Interest rates are as low as they can be. This should be a good time to get a home mortgage right? Yes and No. It's undeniable that prices now are more realistic and reflect more what they should be worth, but not all signs that the economy is picking is there yet.
The US is a credit consuming country, and the biggest line of credit comes from one's line of credit from their house. As long as banks are tight, and it's hard to get loans, credit is tight as well.
This blog, I'll highlight the news events regarding the US housing market, and how it'll affect the price of homes and mortgage payments.
Monday, September 14, 2009
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