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langostino

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langostino

Re: lee kramer post# 592973

Tuesday, 06/10/2008 8:12:00 AM

Tuesday, June 10, 2008 8:12:00 AM

Post# of 704019
"especially rising interest rates"

Haven't heard much emphasis placed in the relationship between rates and home prices. Lotsa chatter about supply and demand relationship. But it ain't rocket science -- home prices fall as interest rates rise. That's the more important factor. Ultimately, home prices are expressed in relation to wages and interest rates. It's all about what monthly mortgage payment your wages will support. 2009 has the potential to be fugly, fugly, fugly.
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