In the absence of rising wages, when mortgage interest rates go up, one of two things will happen: either sales will fall, or prices will fall. Since we don’t have a free market in housing, sales will fall and remain depressed for a very long time.
Assuming a consistent payment, higher...
http://ochousingnews.com/blog/fewer-home-sales-or-lower-prices-sure-to-follow-higher-mortgage-interest-rates/
Thursday, July 7, 2016
Fewer home sales or lower prices sure to follow higher mortgage interest rates
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