Can Home Prices and Interest Rates Soar at the Same Time?

New York Times, Mar. 31, 2022–Emily Badger, Quoctrung Bui
In normal times, rising mortgage rates are supposed to help cool housing prices. But it’s possible for now that both measures will keep charging ahead together, making it increasingly expensive to buy a home. “There are so many strange things going on right now,” said Edward Seiler, the associate vice president for housing economics at the Mortgage Bankers Association.