Interest rates control house prices. Right now the selling trend will continue since rates are so low.
The Fed just announced they have no plans to push rates up until maybe 2022.
THat's what the creepy banker dude was trying to say to me yesterday, but I don't pretend to understand it. Was basically saying when rates are higher, the banks in their bottomless graciousness have more money to loan out to people, but when rates are low they don't make any money. The poor dears. Fugk the banks, fugk the landlords and absentee homeowners.