Low mortgage rates keep owners in their houses longer
Feb. 19
For the longest time in at least 25 years, homeowners are standing still. Reports show the lack of movement is keeping the housing market stagnant.
Questions have been raised over how this affects things other than the housing market, such as the economy, jobs and salaries.
Mark Stapp, Director of Masters in Real Estate Development at the W. P. Carey School of Business at ASU, joined “Arizona Horizon” to discuss how low mortgage rates affect the economy.
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