Economists Says . . . We’re not out of the woods yet!
2007 September 20
Economist James Bianco commenting on the 1/2 point Fed interest rate cut said: "We're not out of the woods yet, at least in the real-estate market nationally."
Bianco feels that mortgage rates may not fall much, and the number of houses on the market will grow. So too will foreclosures.[tags] foreclosures, home foreclosures, interest rates, San Diego housing market[/tags] San Diego condominiums
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The extraordinarily high prices for San Diego real estate really make the investment potential very risky when the average rent doesn’t come anywhere near the carrying charges an owner has to pay.
Peyton
San Diego Real Estate Brokers
The good news is, once the dust settles, the new and improved mortgage payments will be a piece of cake!
Yvonne
San Diego California Real Estate Broker
It’s simple. House prices have to come down to pre-bubble level. It’s hard to take for a lot of folks. But that’s reality.
Colleen
San Diego County Dentistry