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Updated about 9 years ago on . Most recent reply
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Housing Prices To Collapse Now That The Feds Increased Rates?
Most likely the price will NOT collapse (just want to get your attention) but I wonder if housing prices will go down now that Feds started increasing interest rates. Here's the news from Bloomberg:
The stock market rallied in view of the stronger economy (or they perceive the economy getting stronger because the Feds increased interest rate?).
Oil went down a bit as commodities usually go down as money becomes more expensive.
But what about real estate prices?
Do you think real estate prices will go down as it's a commodity like oil? Or will it go up because the economy is becoming stronger (hence more buyers)?
I know no one can predict the future...But I know BP has very smart people like @J Scott, @Brian Burke, @Bill Gulley @Ben Leybovich , etc. So, there you go.
Who wants to start?