“It’s about opportunity,” Jack McCabe, chief executive officer of Deerfield Beach, Florida-based McCabe Research and Consulting, said in a telephone interview. “It’s about interest rates. And it’s about short memories.”
What can you remember about buying based on payments versus the value of an asset?
∙ U.S. New Home Sales: Up 19.8% YOY In May But Well Below Average [SocketSite]
∙ Americans Living Larger As New-Home Sizes Defy Economy [Bloomberg]
∙ Whoops, They Did It Again: Mortgage Rates Hit New All-Time Lows [SocketSite]