Posted by Leonard Steinberg on June 5th, 2013 The Wall Street Journal asks the question whether rising interest rates could stop the improving housing markets in the USA. Interest rates have climbed past 4% in the past month. The truth of the housing market is that in the hardest hit areas, prices fell so low… [Read More]
US HOUSING: THE LONG, SLOW (BUT SURE) RECOVERY
Posted by Leonard Steinberg on April 11th, 2012 Some things take time, unfortunately, especially economic cycles. We are currently witnessing the emergence of the housing market from a very deep recession (border-line depression) and if history matters, the slow recovery we are experiencing appears to be in line. Housing bulls point to a stabilization of prices… [Read More]