24/7 Wall St.
05-20-2009, 06:12 AM
24/7 Wall St. Daily News
The housing market and housing starts are still facing deep and intractable problems. Mortgage rates may be low, but bank standards for home loans are higher. No financial firm wants to be stuck owning more houses that have been foreclosed on. Developers won’t build what they cannot sell.Homes are also less likely to sell in [...]
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The housing market and housing starts are still facing deep and intractable problems. Mortgage rates may be low, but bank standards for home loans are higher. No financial firm wants to be stuck owning more houses that have been foreclosed on. Developers won’t build what they cannot sell.Homes are also less likely to sell in [...]
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