[quote=phaster]personally I’ve been thinking things are not sustainable for a while and wonder how things are ever going back to “normal” and with the “smart money” sale reported in the WSJ and the YouTube interview of things changing in the neighborhood market, I have to wonder how things are going to play out….[/quote]
Phaster, share your doubts about the sustainability of today’s market. I have no real answers to how things play out, but clearly if interest rates start to rise things get ugly. But like most people, I doubt interest rates rise that much. If they do, housing starts to slow, the economy follows, and the fed lowers rates in response, maybe even more QE.
It will be real interesting to see Rich’s data in the next couple of months to see if real estate does slow or not.
