In the end, it all comes down to that new house. That’s what a recent blog post on the Wall Street Journal says, and adds that without a stronger focus on the housing sector, the United States may not move out of the recession so easily. The piece acknowledges the Fed’s recent rate change will now directly affect potential home owners, but it calls for even further action on mortgages.
The post also mentions Warren Buffet’s and Ben Bernanke’s comments about the need for change for the housing market. Bernanke even went as so far as to address Congress to create a longer term plan to help the housing market recover. Since the Fed is beginning to address problems with housing and more attention is getting drawn to the topic; legislation may move faster in favor of new and established home owners across the country.
Fortunately, the recent changes will benefit Boston buyers looking to keep the record low interest rates. You can search our listings on lofts and properties on our site. And as always, contact us if you have any questions.
You can find the rest of the Wall Street Journal article here.