Analysts are expecting a flood of new homes to hit the market this spring, and some are hoping the combination of lower interest rates coupled with government incentives and efforts to free up credit will bring out the buyers. The low interest rates have gotten people’s attention: There has been a rise in the number of people refinancing their homes. Will the glut of inventory depress prices further or will the buyers seize a good opportunity now? It remains to be seen.
Credit: NBC Philadelphia