Curb Your Enthusiasm For Housing's Return to Normalcy

Could rising interest rates improve the housing market? Last week's article by real estate reporter Nick Timiraos for the Wall Street Journal listed four reason why we shouldn't get too excited that housing is going to make a rebound and one of the items on the list suggests interest rates would need to rise before a true turnaround can be achieved. The thinking goes that if interest rates rise fewer people will want to refinance so banks are going to have to turn elsewhere to keep cash coming in the door. And that means they just might ease up the lending standards and give a guy a loan. Go here to read some of the more unexpected reasons why housing needs to think outside the box if it wants to get back to normalcy.