I think the politician plump up the conditions for 3 years so the market is poised to do as best it can on election year. We are past that now and I anticipate the market to fall in 2013, although the exact timing would be a guess.
Bernake does not want it but I expect housing to go down if rates do rise. Most people buy houses on a "how much is it a month" mentality so if rates go up 1 or 1.5% their payments go up and they cannot afford as much house, and house prices end up declining.
Last edited by Jake514; 12-27-2012 at 22:37..