re: Home Prices Show Biggest Rise in 6 Years

Im going to go out on a limb here.

Loans are still a big problem. Its very laborious even for folks that have enough cash to do the entire purchase.

Also, as most of you know, these numbers are overall and real estate is local.

I think there will be an inevitable slow down when rates hit 6+ percent just because we have all been spoiled.

Also, I fear, the gubbermint will seek to do away with the mortgage interest rate deduction which will crush larger homes.

And if our gubbermint doesn't figure out how to increase permanent jobs .......than all of the above is moot.