> Yet prices keep going up and up and up and up. The thing is that the interest rates need to stay higher for a long time (many years). Many home owners and sp

> Yet prices keep going up and up and up and up. The thing is that the interest rates need to stay higher for a long time (many years). Many home owners and speculators have fixed interests on their loans. It is not until they have to be renewed that they feel the effect of the higher interest rates. So unfortunately it will take time.