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2012 US Housing Market: Low rates, but few people taking advantage of them to buy homes

Analyst predict that the 2012 US Housing Market will be similar to the 2011 US Housing Market: Low interest rates, but few people taking advantage of them to buy homes.

In this stagnate economy these historically low interest rates are not enough to have people buying homes again.  People can’t refi due to lack of equity and unemployment is high so there are fewer people qualifying for mortgages to buy homes.  Right now what the stumbling housing market needs above anything else is stabilization.  Stable interest rates, gas prices, more jobs and rest overseas are crucial to consumer confidence to the US housing’s recovery.

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January 3, 2012 - Posted by | Uncategorized | , , ,

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