The Housing Bottom Is Here: Economist Russell Price Explains

Housing bottom
Housing bottom

For 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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