On The Level - The Home Improvement Blog
Category
Blogger
Date
About our bloggers
Contact our bloggers

Photo courtesy of TheTruthAbout.

Status of the Housing Crisis

 
Are housing prices close to bottoming out? According to this article in the New York Times, no. The reporter attended a foreclosure auction and found homes selling for a fraction of their former price. Some economists are predicting the foreclosure rate to keep rising and credit for mortgages to continue to dry up. Despite this, others are saying the price is close to stabilizing. They point to home values, rental costs and incomes to determine homes are only overvalued by 10 percent.


Comments

Login or Register to Comment
Title/Content Author
No comments yet






About  | FAQ  | Contact  | Sitemap  | Privacy Policy  | Terms of Use  | Help

© 2016 Renovate Your World LLC