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
"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:
Published on Thursday, July 1, 2004 in
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