Interest Rates & Price of Homes

The recovery after any recession is a direct result of how housing reacts to economic forces.
Interest rates effect the value and price of homes.  

The chart below illustrates the relationship between interest rates and the value of homes during significant economic change.

Interest Rates                                                   Median Price of a Home

3.34% January 3, 2013                                    $251,500

                                                                                                                7.4% Increase

4.53% January 2, 2014                                    $270,200

??? January 1, 2015                                         ????

MY GUESS  above 6%                                     MY GUESS  above $310,000

What is your guess?