Well, I have been talking about this for some time. The lower dollar is making a mess of oil prices throughout the world. Oil if you were not aware is priced in U.S.Dollars.
How do you think oil prices can come down? Make the U.S. Dollar more valuable compared to the Euro would be a major first Step, not to mention all the other "Major" currencies.
Now how do you make the dollar "worth more?" You raise interest rates.
Here are some interesting Articles on factors that are affecting and will continue to affect real estate sales and home buyer affordability.
It looks like for now, the best time to have purchased a new home has passed. How much will home prices rise? Well that depends on the dollar's value. However real month to month cost is going to rise one way or another due to interest rates.
INTEREST RATE ANALYSIS
http://www.bankrate.com/brm/static/mortgage-analysis.asp
Rising Oil Prics Squeeze Homebuilding Sector
http://money.cnn.com/news/newsfeeds/articles/apwire/cc39f1f50df0131fb54a0da366725190.htm
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