The End Of The Housing Bubble?

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

1 minute read

July 2, 2004, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"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?

Thursday, July 1, 2004 in The San Francisco Chronicle

Housing United States

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