![]() The association representing real estate professionals still expects 5.1 million homes to be ultimately sold in 2013, and that's the highest tally since 2007. Housing bulls will argue that the market is still strong. The National Association of Realtors has reported three consecutive months of declines in existing home sales. After all, if the Fed's $85 billion in monthly bond purchases created the illusion of demand, what will the reduction do to the real demand? ![]() Easing up on this latest round of quantitative easing - QE3 - will have an impact on interest rates. The Fed recently announced that it's ready to begin tapering its rate-suppression plan by reducing its bond purchases by $10 billion a month. There's little reason to expect this trend to reverse.
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