Sound Off: Interest rate hike delay means what for Bay Area buyers, sellers?

Most Realtors would agree that an interest rate hike would mean a reduction in the buyer affordability index, which could reduce buyer demand. I have recently heard slightly different views, where economists think that the thought of the rate hike is more powerful than the actual hike. Just like a band aid. Both theories have merit, what do you think?

To read the entire article, go to: http://www.sfgate.com/realestate/article/Sound-Off-Interest-rate-hike-delay-means-what-6486169.php