It is not just ok, but it is necessary. The prices are artificially high due to partially FED insistence on stupidly low rates for much longer period than it wa

It is not just ok, but it is necessary. The prices are artificially high due to partially FED insistence on stupidly low rates for much longer period than it was reasonable. My personal anecdata, our house practically doubled in value since we bought it over 5 years. That is not normal. That price needs to go down. The liquidity here is imaginary just like liquidity in just about anything else. It is worth what people are willing to pay for it. Finally, the change in rate will mean that they will be willing to pay less, because it will be harder to borrow more.