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 in real estate is just about over, where rental rates are going, why rising interest rates are a good thing, and why American homeowners who bought during the bust will be in a strong financial position in the future.
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