[montag813]

I'm only the messenger, but interest rates on fixed rate mortgages have been going down for four weeks now, and they are going lower.

Way lower. I am a technical analyst, and I can tell you rates are going much lower than anyone expects over the next 18 months. How the real estate market reacts to this I have no idea.

[Moonman62]

There are many factors such as how much the economy is going to weaken. Will the weak economy cause a big sell off in stocks? Will that cause money to rotate into real estate as it did when the real estate boom began? Will the weak dollar bring foreign investors back? We are already seeing builders and lenders backing out of new projects. Current supply could be mopped up quickly. Perhaps a double top in real estate? I can only guess.