Dow shoots up after Bernanke's comments

"Stock prices rallied Wednesday on remarks from Federal Reserve Chairman Ben Bernanke that economic moderation "now seems to be under way" and that inflation remains contained. The Dow Jones industrial average shot up more than 100 points."
It seems that the recent raising of interest rates is keeping inflation in check. We should also note that these raises are helping to cool in white hot housing market.

So what does this mean to the consumer? It means that we should see interest rates remaining pretty constant. We should see the appreciation of housing to level off to a more normal level.

Now it should be noted that the St. Louis real estate market did not experience the incredible growth of many other areas around the US. Therefore, I think we will not see a depreciation in housing sale prices. I think we will just see less of an appreciation.