[quote=spdrun]Prices seem to have more to do with foreclosure inventory, short-sale inventory (controlled by sentiment, since people are less likely to sell short if they think they’ll be above water one day) than whether the 30-year rate is 4 or 3.5% on a given day. Hence prices have increased in some areas (Phoenix, San Diego) but have decreased or stayed flat in others (NJ, Boston, Orlando).[/quote]
