skip to main |
skip to sidebar
Patrick.net reports:
This data clearly shows the relationship between interest rates and home prices. The graph has an R squared of 0.8828 (excellent for a social science). From this information we can conclusively say that higher interest rates decrease the price of homes and low interest rates increase the price of homes. Again, this proves that the Fed is propping up the prices of homes with unsustainable interest rates. As soon as interest rates return to normal you can predict, from the trend line, what the corresponding decrease in home values will be.
Just a reminder.
