Quote:
Originally Posted by Tidybuoy
Low interest rates have a definite effect on housing prices.
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With interest rates about as low as they can be, you have to wonder (or at least I wonder) where housing prices will go from here.
On the one hand, there is a distinct shortage of housing in many cities. In Portland, we have <2 months' inventory.
On the other hand, when mortgage rates went up last year, you saw an immediate cooling of the housing market, both prices and sales volume, even though the same shortage existed then.