With the increase in the Fed's interest rate, there is much speculation that the housing bubble in the Bay Area is about to burst
"In the aftermath of the dot-com debacle, the nine-county region has enjoyed record sales and prices, in part because historic-low interest rates have allowed more consumers to afford ever-pricier houses and condos.
Now, with the Federal Reserve beginning what could be an extended policy to boost key short-term interest rates, some experts believe the housing sector could cool as mortgage rates follow suit.
Visions of higher interest rates bursting a Bay Area housing bubble, however, are premature, others argue."
Thanks to Fernando M. Coriano
FULL STORY: Will housing bubble burst?
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