Inside the Fed's head: Alan Greenspan's economic policies are meant to encourage productivity and deter inflation. Will the industry buckle under his rising interest rates?

Pool & Spa News, Nov 19, 2004 by Shabnam Mogharabi

"Interest rates will have a huge impact on the market, but what is even more important is supply and demand," Fenton says. "As a huge generation trades down in home size and there are fewer new buyers to take their place, this along with a bust in the speculation market, will cause a real estate housing crash."

Fenton is one of a number of real estate experts who believe the perception of rising rates among consumers has already served to somewhat cool the market.

--S.M.