Phoenix real estate on Realtor.com – Are low interest rates a silver bullet?

I was featured on REALTOR.com® again - they posted a blog I wrote called "Are low interest rates a silver bullet?" Go read the full post, but the gist was this: mortgage rates have fallen over the last two months to the lowest level in decades. In fact, there are rumors that rates could drip below 4 percent. However, they are not causing an immediate turnaround in the real estate market.

In the blog on Realtor.com, I ask - and attempt to answer - why not? Why are interest rates not the silver bullet the real estate market needs to turn around? Again, read more to learn my thoughts and I would also love to hear from you.

Read more about "Phoenix real estate on Realtor.com - Are low interest rates a silver bullet?," at MyPhoenixmls.com blog.