Relevant:
- Beverly Hills witnesses a 23 percent annual decline in home values -- Low interest rates do not mean long-term housing prices will go up. Just look at Japan and their historical interest rates.
- What Will these Mortgage Rates Do to Housing Bubble 2?
- If You are Thinking of Buying a Home – Why Would You Do It?
- First Time Home Buyers vs. Home Investors
- U.S. home sales approach eight-and-a-half-year high, prices surge
2010-04-19 — sctimes.com
"It’s not just the tax credit that has first-time home buyers such as Watt and Arnold dominating the spring housing market. Interest rates are hovering around 5 percent on a 30-year fixed-rate mortgage, and home prices in many markets have fallen to levels that make purchasing as affordable as renting."
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