A major problem, of course, is that current low interest rates are a result of falling confidence in the economic outlook. It's cheaper than ever to borrow, but that's because no one wants to borrow. Still, while interest rates are at historic lows now, it's not as though they were sky-high earlier in the year or last year, when the economic picture looked a little brighter. And home sales were also at historically low levels during those periods.
Read it allObviously the dynamic of the bust has an impact. Some markets remain glutted. Buyers may be reluctant to move while it seems as though prices will continue to fall. Still, it's remarkable how depressed housing markets have been for this long, despite ridiculously low interest rates