An improving economy and low interest rates have helped the housing market recover from the Great Recession. But the factors that drove the market last year are already fading. Interest rates are rising and even a small increase in rates can lead to a big increase in mortgage costs. That doesn't bode well for house prices unless incomes rise rapidly, something they haven't done since the recession began. 

Erin Miller sat down with Fool contributor Travis Hoium to discuss how rising interest rates and slow wage growth will affect housing prices and why we shouldn't expect a quick recovery this year. 

Stocks generating long-term profits
If you're looking for some long-term investing ideas, you're invited to check out The Motley Fool's brand-new special report, "The 3 Dow Stocks Dividend Investors Need." It's absolutely free, so simply click here now and get your copy today.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.