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Oct
16
It’s Back to the Future for Real Estate
Posted by Roselind Hejl in News
The serious decline in housing sales in many parts of the country [USA] is well documented. This downturn was preceded by several years of rising home prices in many areas. In some cases, prices rose beyond levels that were supported by local salaries, and were clearly not sustainable. The driving force that fueled the rise in home prices was the availability of low interest money. Easy availability of home mortgage money, plus historically low interest rates, allowed the demand side of the market to build. More »