rogersails

Housing Data Shows Downturn Could Be Prolonged

An interesting difference between 89-90 downturn and this one - the prior downturn happened in an era of 9-10 % interest rates. This one is happening despite the full efforts of the government to keep low cost money flowing to the mortgage markets.
Imagine how it would look if interest rates floated up to market determined levels !!!! See mortgage-x.com/trends.... for historical mortgage rates.