This is a good read on the real-estate industry.

Will we break the resistance line? We will probably have to retrace back down to support with rising interest rates. Also the US govt. has been downgraded creditwise by Fitch. Fitch is an American credit rating agency and is one of the "Big Three credit rating agencies". It moves the federal Government's rating as a currency issuer from AAA to AA+.

This will mean that is is going to be harder for the US to borrow money. It works just like a consumers credit rating the lower the score the higher the rate. With higher rates means the cost to borrow money rises. Which means lower home prices.

Will we see recession next year?