Should We Expect a Crash in Prices?

Don't expect to crash in prices. The conditions that triggered the last one in two thousand six, two thousand seven were pretty idiosyncratic. A lot of those loans bad balloon payments. What i think it's going to happen is that these higher rates are going to cool the pace of price appreciation. Some folks who were right on the edge of qualifying to buy a loan where it comes in like a forty % debt to income ratio a year ago, they can't qualify now.