However, we are tracking to see early signs of how the Fed tapering is received by investors and watching how inflation plays out to determine if we need to move our forecasts higher in the coming months.When will we have enough housing production capability in our Texas metros to meet demand?

Then when the Fed started raising rates earlier this year Wall Street had other shiny objects to chase and all but shut its HML support down again.

The fed has not finished raising rates to slow the economy. 

I understand the importance of tenant selection but my duplexes are on the lower end so the choices are from the same economic Pot so they tend to bring more people in to live, never cut the grass, do the bare minimum. 

I can't imagine the fed won't want to buy another boom with low rates.

After the last crash, the Feds put in place many new rules and statutes that require lenders, with a very few exceptions, to verify a borrower's income on an owner-occupied property.

This can be for things like: fed funds wires, notarizing documents, document storage, account setup fees, statement fees, transfer fees, account termination fees, servicing fees such as writing a check, processing documents, etc.

I'm guessing that house prices will plateau by the end of this year when the Fed reconvenes and decides to increase the interest rate by a quarter point.

YUP at the end of the day unless the fed owned all the mortgages or MBS  and could wait on payment.. this ripple effect is going to be a real issue.

Since the fed cut interest rates, banks have also cut their interest rates.