Tuesday, March 19, 2013
Prices to Skyrocket if Rates Stay Low for Two Years
John Burns, mortgage rates stay at 3.5% for several years, home prices will skyrocket. Potential home buyers can purchase a 34% more expensive home today than they could at the end of 2008. With supply now dwindling, it is a seller’s market, and price appreciation is only limited by what people can afford to pay every month. Here is a to the interview as well as 2 charts illustrating the point.