“It’s the best time in the history of our country with mortgage rates that are below 4 percent that [renters] can actually lock in their fixed cost and create wealth for themselves,” she said.The founder and chief executive of Zelman & Associates is known for calling the housing peak in 2005 and the housing bottom in 2012.Zelman said this housing cycle is like a “tale of two markets.”
She said the entry-level market is beginning to accelerate, and builders’ trepidation is slowly beginning to fade as more people are beginning to move to the suburbs. [read full article]
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