Hope for Housing? - CNBC.com
ARG!!! Lower rates are NOT the solution to the home mess. That's been tried, and it's what got us here to begin with. The solution is plain: LOWER PRICES.
Consumers have gotten wise to the rate-game. Giving them credit cards with lower rates isn't as good as lower prices. Same goes for housing!
25 August 2010
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I totally agree....I think the market is more price driven than rate driven. We have had lower rates for a while now and things still stay on the market for a long period of time. The lower priced items are what is moving these days.
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