Not done yet...............from Rico

The attached chart of median home prices is slightly deceptive/misleading.

It ignores the differences between what different local economies can support.
- As a result, the chart would look different for Detroit or California or Florida....or wherever you happen to be.
- Generally, though, it's a pretty safe bet that interest rates will rise with the end of gov't MBS purchases and the pool of 'qualified' buyers will shrink as unemployment continues and banks further tighten lending practices from "liar loans" to "no loans" while the flood of repo's, short sales, foreclosures, etc keep supply far above demand for years to come.