Potential buyers have been spoiled by ridiculously low loan rates recently and think if they just wait those rates will reappear. In actuality, the rates (historically speaking) are typical to rates the housing market has had over the greater period of time. Once that reality sinks in, people will brush aside fears of buying in at those rates and the housing sector will continue on its path to prosperity. Just my two cents. I'm sure there's some shorts out there that can and will paint a dark and gloomy picture because that's what shorts do.