Billionaire real estate developer Jeff Greene believes the U.S. housing market is being held back by high interest rates and said a dramatic surge in home prices could be on the horizon if rates come down. In a recent interview, the Florida -based developer said buyers and sellers are on standby as they wait for mortgage rates to fall. “If rates come down, we’ll have a huge boom in housing prices,” Greene said. Interest rates The average interest on a 10-year, fixed-rate mortgage remains near 7%

Tag-uri: Real Estate