I know I am mostly alone in this (well maybe a few others), but I have absolute faith in the feds ability to control interest rates.
And I believe the fed is most concerned about two things, pensions and jobs, both of which are directly and indirectly (property tax) effected by the housing market.
I think they really do want to see some much needed wage inflation catch up on the lower end workers (they are going to great length to accomplish this IMO).
Anyway IMHO.
One last thing I would add, I believe we are about to relive the 80’s. the pump is primed.
