Here are a few headlines you might want to mull-over before you plunk 20 percent down on that $500,000 Tudor in Rancho Mirage: “Mortgage Applications Drop for Seventh Straight Week”, “Homeownership slides to 18 year low”, “Investors start to move out of housing”, “Sellers Worry Rising Rates Will Lower Demand”, “PE Scrambles To Exit Housing Market”, “Higher mortgage rates lead to softer home demand, Beazer exec says.”
via Housing Shifts Into Reverse » CounterPunch: Tells the Facts, Names the Names.
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