Diamond Mortgage Blog

The question is how can we jump start the housing market?

I was thinking if the banks lower the interest rates more people will want to buy. Then I thought some more... If banks lower interest rates more people will refinance their current mortgage but I don't think more people would buy. It will give the economy a small boost. What will make the housing market jump is if we create more jumps in the US.

I have about 4 clients that are unsure about their job. If they will be laid off or hours cut back. If the government put a higher tax on companies that export jobs making them create jobs in the US will jump start the housing market.

What is your take on the issue?