[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

[.38sw]

The neighborhood we are moving to is considered a prime location. Excellent builder with a good reputation, very well kept homes and yards, lots of pride of ownership evident. I don't see developers offering 5% and 0% down mortagages yet.

[lodwick]

Correct @ 1119. We have a similar situation in Austin with the tech-heavy employers laying off people, and the dim/lib "SmartGrowth & GreenBuilder" initiatives that liberals love so much.

Most builders realize that they do not have to put up with all the zoning and development hoops that the city makes them jump through - they simply build elsewhere.