What goes up must come down. As Michael Douglas said in Wall Street, ‘Greed is Good,’ until consumers wise up.

We still face a housing inventory problem, as I mentioned yesterday. Fannie Mae and Pulsenomics Survey released their Q4 Home Price Expectations Survey this morning.

Over 100 of the top housing experts in the country believe home prices will rise on average by 2.4% and by 25% over the next 5 years.

As we continue to see mortgage rates drop, sellers are starting to take notice. A 5% interest rate compared to a 3.5% rate is only a 15% difference in the house payment.

The 5% rate is not in our rearview mirror but up ahead. We don’t know how far, but it’s out there.