Good article from Realtor Magazine on 2007 housing projections for you folks that are maybe buying or selling your home this year.
What to Expect in the 2007 Housing Market
What to Expect in the 2007 Housing Market
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What to Expect In the 2007 Housing Market
- Thread starter Steve Wilkins
- Start date
Having just sold a home in San Diego and contemplating selling another, I think the tightening of credit is going to have a large influence. Despite all the problems in the sub-prime market, I wonder if anybody really wants to put the brakes on credit so close to an election?
Well, yes. I think some would like to see lots of problems in the economy, esp as we get closer to the election, almost 2 years away, quite a long time in the scheme of things. After all, as some smart feller said no long ago: "It is the economy, stupid". While many are not happy with the "War", etc, they will get very angry and a lot more displeased if you get into their pocket.
In my view, short of some dramatic happenings in China, Japan etc, we will continue to see flat or a slight rise in mortgage rates, in spite of the negatives we see in the sub-prime market. But what do I know?