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re: How inversely related are housing prices and interest rates?
Posted on 1/8/13 at 1:41 pm to LSUtoOmaha
Posted on 1/8/13 at 1:41 pm to LSUtoOmaha
quote:
That makes sense. So there was basically an external factor (consumer's access to entering the market) which shifted the demand curve over the past five years.
That's exactly right.
I expect that in the next 3-4 years you will see the demand curve shift back to the right some as people get on more sound financial footing and unemployment declines.
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