Monday, August 28, 2006

4 myths about home prices

If you think the housing prices will keep on rising, think again ! Shawn Tully,editor from Fortune will tell some myths about the future of home prices.

1: As long as job growth is strong, prices can't go down

2: The builders learned their lesson in the last downturn. They won't swamp the market with new houses when the market turns

3: Low interest rates will keep values rising, or at the very least, put a floor under prices

4: restriction on development in the suburbs ensures low supply, and guarantees rising prices"

Which side do you believe ? It's up to you.

Read the full story.


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