High-priced home builders to lose buyers
Guest perspective: Rising interest rates could price out 61% of this market
By John Burns, Wednesday, February 18, 2004.The economy continues to expand, so builders are now wondering if the Fed will raise rates, causing mortgage rates to rise. Interestingly, we conducted a sensitivity analysis and found that builders of higher-priced homes are far more vulnerable to rising rates than entry-level builders.
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Copyright 2004 John Burns
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