Commentary There’s been a lot of hand wringing about the real estate market recently. And with good reason. Home prices have been on an absolute tear for the past two years. Since the low of the pandemic, home prices have seen 13 consecutive months of increasing prices. By July 2021 they were up 20 percent from the previous year. In an illiquid market like real estate, that’s an unsettling trend. It raises the specter of 2008 in the minds of everyone who lived through it. But now that the Fed has gently revealed its closely held non-secret of coming interest rate increases, what’s going to happen to real estate? Is this bubble getting ready to explode and wipe out trillions of dollars of families’ personal wealth? Or is it even a bubble? Despite the soaring prices, I don’t believe it is. Here’s why. Mistaking Symptoms for the Disease People mistake …