Tuesday, March 19, 2013

Prices to Skyrocket if Rates Stay Low for Two Years

John Burns, CEO at John Burns Real Estate Consulting and Owner, John Burns Real Estate Consulting says 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 link to the interview as well as 2 charts illustrating the point.


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