[.38sw]

The disheartenening thing is all the talk I'm hearing about a "real estate bubble". Yikes. Did we just buy into a "bubble"? The SF Bay Area has remained a hot real estate market, there isn't much inventory for sale, and we didn't look at many houses because there weren't that many to look at.

[ValerieUSA]

I am speculating that as the stock market seeks realistic levels based on companies' true worth, the conservative principle will begin to apply across the board. The liberal policies and overpriced tech sector that led to the boom in housing values in your area will lose their power and reality will hit that market, too, eventually.

[Servant of the Nine]

Yikes. Did we just buy into a "bubble"?

I don't think so. When developers in your area start offering 5% down or 0% down mortgages on new homes, then you can be pretty sure of losing everything when the bubble pops. If you are in an established neighborhood where people have substantial investment in their homes, the value might sag a little for a year or two, but it will soon come back.

SO9