I encourage you to look at an actual graph of housing prices and foreign exchange rates.  They really don&#x27;t track each other.<p>Short and long term there are different and very complex with multiple feedback loops. Also, most people have home loans and houses are not currency.  Further, having your currency appreciate is bad for many parts of the economy.<p>Sure, long term there are impacts especially with foreign investors.  But it&#x27;s also vary local with Las Vegas housing market tracking different things than rural Minnesota.  Even as interest rates have long term impacts.