The Housing Bottom Is Here: Economist Russell Price Explains

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Housing bottomFor nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial (AMP), a financial services company.

Price spoke with DailyFinance to explain why the decline real estate is just about over, why rising interest rates are a good thing, the trend in rental rates, and why American homeowners who refinanced during the boom will be in strong financial position in the future.





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