Thursday, April 18, 2013
ConsumerAffairs -- Here we go again. With the slow turnaround in the housing market, investors are beginning to come back, shopping for what are perceived as under-valued properties.
"Affordability is definitely improved when interest rates are lower," said Norman Miller, professor at the Burnham-Moores Center for Real Estate at the University of San Diego. "But it is very likely that the top tiers of the owner-occupied housing market are the ones benefiting the most from lower mortgage rates as this group has been less affected by credit score downgrades or more restrictive underwriting." (Full Story)