"No bubble in middle America...it's a deal out here."
Not where I live. Home prices are increasing faster than wages. The only new construction is on $200k to $600k homes. Even modest older entry-level-type homes are selling for over $100k. And I definitely live in middle America.
We're getting a couple thousand square feet coming in at about 125,000....at these rates, that's about 750 per month (add on taxes + insurance) at 6%. That's pretty cheap housing.