This is an excellent article showing the correlation between today's current mortgage rates, home prices and home ownership affordability. Not since the 1950's has buying a home been more favorable.
Mathews Realty Group
Investment Advisory Services
Self Direct Income Investment Specialists
U.S. Real Estate Market: End of an Era
Not a day goes by without some guru on CNBC complaining about how difficult it is to qualify for a mortgage these days. That is total baloney. The documentation and verification may be cumbersome, but loans have never been easier to qualify for.
Read more at seekingalpha.com
We have reached the end of an era of the real estate market as we have known it. What eventually emerges from the other side is anyone's guess.