[gogeo]

BS. They aren't rising across America. Go sell your Chicken Little routine somewhere else.

[ex-Texan]

Were you the vandal that posted personal attacks in the KEY WORDS section tonight?

[Tamar1973]

They aren't rising across America.

It all depends on what percentage of a particular market took out ARM's which are poised to balloon now. The higher the % of ARM's, the higher likelihood of future foreclosures, which might very well put a glut on some real estate markets and drive prices down for the rest of us.

[Nathan Zachary]

I don't think he's selling a chicken little routine. Housing always goes up and down. We've had a very long up cycle, people are in debt like never before. A "down" is long overdue in all markets, not just housing. If the worst happens, it could be bad for a lot of people.
Listen to the stock market reports, everyone is saying an "adjustment" is inevitable.

Interest will shoot up, and people will get stuck with too much debt on floating rate loans. If a glut of housing hits the markets nationaly, it will drive prices down. If something else happens in the economy, job losses etc. That will force more salws and keep driving them down. Banks compesate for losses by jacking up rates.