But how these perspectives affect the average gal with a mortgage or the ordinary dude with a dream of buying his own house is anything but clear. So who do you listen to, and what does it all mean?
On a basic level, the real estate experts can't really quibble about the basic facts: Many once-hot markets are showing signs of a cold front this summer. The Federal Reserve Board is expected to raise interest rates again to ward off inflation, and banks have begun to curb their promiscuous dispensing of risky, low-down loans. These factors will contribute to making real estate less appealing to many investors. Sure, people still need to live in houses, but the people who need to pour extra dollars somewhere may take a breather from speculative acrobatics to search for other investment circuses. (Can you say 'oil futures' three times fast?) "
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