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i said " moderate rises " the excessively high 1970's and early 80's were the only exception and in fact stocks , bonds and real estate all did poorly then . .
there have been very few exceptions where rates rise and home prices fall just because of a rise in rates . that concept as some rule is flat out WRONG !
i said " moderate rises " the excessively high 1970's and early 80's were the only exception and in fact stocks , bonds and real estate all did poorly then . .
there have been few exceptions to rates rising and home prices falling .
2006-7 when the fed was raising the rates before the financial crisis
wrong , . the fed was raising short term rates but investors were bidding longer term bond rates down . fixed mortages are based on bond rates . we had the famous inverted yield curve in 2007 as bond investors bid long term rates lower than short term rates . the bond market veered course with the fed and lowered rate while the fed raised them . . mortgages were going down not up .
wrong , . the fed was raising short term rates but investors were bidding longer term bond rates down . fixed mortages are based on bond rates . we had the famous inverted yield curve in 2007 as bond investors bid long term rates lower than short term rates . the bond market veered course with the fed and lowered rates .
Unless people start taking third person mortgages I can't see prices go much higher outside of inflation
it really does not matter what you see happening . all that matters is that if someone thinks because mortgages are kicking up prices will fall they are likely to be quite mistaken and history shows that fact .
everyone always thinks bonds move opposite stocks when black swans hit . we saw bonds not react the night of the election while stocks plunged almost 1000 points .
when you use words like always or will , odds are you will be wrong .
it really does not matter what you see happening . all that matters is that if someone thinks because mortgages are kicking up prices will fall they are likely to be quite mistaken and history shows that fact .
This housing recovery is getting long in the tooth. I guess we'll have to see. It's been 5 years now. Nonetheless I'll continue to save part of my income and be ready to strike
long in the tooth only in certain areas . other areas are down or about the same . again , it is localized . if certain areas fall a lot you can be sure there are other factors involved not just rates .
where we are in queens prices never really went up a lot outside of manhattan so when they fell we did not see a big drop either . recovery has been slow at best but basically we don't have a hot market today ..
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