Wednesday, June 10, 2009

is there a Rebound in Housing ?

The mortgage bubble has burst and caused the Recession
can housing sector now lead us back to recovery ? Exclusive Interview with Radar Logic CEO Michael Feder (Bloomberg News)

Higher mortgage rates could give birth to a rebound in housing this year, where cheaper loans and lower prices have enticed buyers to cut into the inventories of unsold homes.

Loan refinancings also known as remortgage will take advantage of lower rates have also been key supports of the housing market in 2009, providing a rare bright spot for a market buffeted by rising defaults, foreclosures, and falling prices.some expert see a stabilization in the market others say that the worst is still to come