Archive for December, 2012

Historic Housing Market and Mortgage Rates

Clearly the housing market is turning around as prospective homebuyers are taking advantage of close to record-low mortgage rates and lower home prices, encouraging signs the industry is healing after a multiyear slump. Solid gains in employment, easier access to credit and a reduction in foreclosures will be key to boosting the rebound allowing housing to become a major contributor to economic growth. The median price of an existing home ...

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