re: Crystal ball $ gurus, where are rates going?

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Real Estate is cracking as we speak. Proceed at your own risk.

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Is it? I know CRE has shown weakness, but home sales (both new and existing) and sale prices seem to have levelled off (my belief is that buyers are assimilating to current interest rates as being "the new norm" as well as banking on being able to refi within the next few years).

I think there's a consumer debt bubble and the longer it goes without popping, the bigger the pop is going to be. When that happens, real estate is going to take a nose-dive as consumers begin defaulting on debt.