Housing really is turning

Commentary: Policymakers could do more to overcome difficulties ahead

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

In the absence of meaningful U.S. data, European Central Bank rattling of the printing press has taken away some of the fearful bidding for Treasurys (10-year T-note in four days from 1.49 percent to 1.72 percent), and mortgage rates have risen a little as well.

For us to return to interest rate lows or set new ones requires Armageddon over there or recession here.