I don’t have a PHd in economics but I am going to go out on a limb and say that interest rates are not holding the housing market back. They are at a 60 year low yet the housing market continues to struggle.
It seems to me that if there were more jobs more people would buy houses and they would pay more taxes which would help governments pay their bills.
If you have a job and can afford your rent or house payment there is no recession, or if there was it is over. If you are unemployed, under employed and or struggling to pay a mortgage we are in an economic depression that started in several years ago.
We should only report happy news because happy news is good for the economy and the housing market. My happy news is interest rates are at a 60 year low. Do your part, help the economy and buy a house today.
I did!! We were able to get a house at least $50k more than what we originally had planned due to the low rates.
thanks for doing your part and helping the economy.