i think in anticipation of rate hike later this year (which increases yield of TBond),
makes TBond price drop. Also rate hike will make mortgage rate higher,in turn it will negatively affect real estate as borrowing cost will be higher.
好像明白了:10-30yr Treasury YIELD increase, so fixed rate of 15/30yr Mortgage, which will increase fixed cost of Real Estate, reduce the margin of real estate investment, housing is becoming less attractive. Over last year, 10YR Treasury PRICE drop from 2.8 to 1.68 on 02/01, which in turn cause real estate hike over last year. and since 02/01, Treasury price increases, so real estate will drop instead. Is that right?