An unusual outlook. (Portfolio).(housing market)(Brief Article)(Statistical Data Included)

Mortgage Banking | August 1, 2002 | Copyright

THE ECONOMY IS STRUGGLING TO EMERGE FROM THE SHADOW OF A DEPRESSED stock market. Yet, the housing market has not even noticed there was a downturn, much less a problem with corporate accounting. Housing has been the runaway winner in a contest stacking up the best current investment choices: stocks, certificates of deposit or real estate. No contest, right?

But rates have been the key to a powerful year in home sales. Douglas Duncan, chief economist for the Mortgage Bankers Association of America, writes in the cover story that rates have averaged under the initial ...

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