Posted: 9/6/2013 9:06:55 AM
Best way to put it is the Housing Market is all opportunistic.. And has been for few years, now. Consider that close to 50% of all home purchases are with Cash. So who is benefiting here ? The wealthy or middle class. Easy Answer.
Truth is, you need a healthy economy and increasing wages for a sustaining housing recovery. Middle class America is not rising; I view the improving housing recovery as opportunistic, and it needs are more solid foundation to keep going .
For those not paying with Cash, Rising Interest Rates are already putting a lid on demand.