Residential Housing Ready to Awaken?

The actual numbers behind the housing market are starting to signal recovery, as discussed in detail in this article from CNBC and Yahoo! Finance forwarded by BeachCityDigs.com friend Steve Newman.  To be sure, this will be a slow recovery, played out over a number of months and years.  Slowly enough, in fact, that we'll probably only know it in hindsight, once the lowest prices and interest rates are behind us.  The Beach Cities, which stabilized earlier this year, could be a prime example! - David

Selecting a Mortgage in the Post-Crisis Market - article by Jack Guttentag

The cost differential between adjustable-rate and fixed rate mortgages is greater than it once was. Affordability and expectations of time owning the property are key considerations in shopping for a mortgage. - David