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home prices: Interest Rate Impacts on Purchasing Power - 06/26/10 08:53 PM
There is a good deal of discussion regarding the current status of the real estate market. Has the market bottomed? Have inventory levels stabilized? What impact will foreclosures and short sales have on absorption rates going forward? Along with the always popular, what are interest rates doing?
I recently had a conversation with a buyer client who expressed his perspective that our current market hasn’t yet "bottomed" and that there may be another 5% of downward price correction still to occur. After our conversation, I decided to run some numbers (yes, I’m a devout data geek) and see what the correlation … (2 comments)

 
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Craig Frazer, Davis & Salt Lake County Real Estate, RE/MAX Metro

Farmington, UT

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Address: 110 N. Main Street, Bountiful, UT, 84010

Office Phone: (801) 699-6046

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