House prices likely to grow slowly Fed study shows

House prices in the US are likely to grow at the slowest pace in more than three decades as interest rates climb and land prices take a tumble over the next three years, researchers at the Federal Reserve have estimated in a new study.

The study says that if U.S. disposable income and short-term interest rates climb as much as Wall Street expects them to, existing-house prices would increase a cumulative 2.6 percent over the next three years.

"Of primary concern to some analysts is whether the