[quote=spdrun]Repeat of the tax-credit-driven mini-bubble of 2009-10, with a more dramatic rise (3.5% vs 4.5% interest rates had more of an effect on monthly payment than a max. $8000 credit ever did) and possibly a less dramatic slowdown (owing to the economy being in slightly better shape than in 2010).[/quote]
Agree with this, for the most part. IMO, interest rates will largely determine which way the housing market goes.