Mortgage rates falling, but nervous home buyers may stay on sidelines September 16,2008

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

..."A lot of what's going on in the housing market right now is about confidence," said economist Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. "There are a lot of home buyers who think, 'If I wait longer prices will continue to fall, because after all, things are going badly.' What these headlines do is undermine any confidence that things have stabilized."...