[Eagles Talon IV]

I agree with everything you have said. Double digit increases in valuation are of course not sustainable. In the end the market will work as it always has. The excess supply of homes will create competition among the owners of these homes and when that happens prices drop and the supply demand equation will begin to move towards a more even balance. I believe that home prices will continue to escalate year over year but not as they have. Probably increases in the 6-8% range are more realistic.

[Getready]

It's all a complex cycle, but there are so many factors,
influx into neighborhoods, unavailability of new houses close
to city centers, traffic, gas prices, booming economies,
interest rates, earthquakes, hurricanes, buyer debt, buyer
fears of being locked out of housing "merry-go-round",
seller fears of having unsalable house, etc...
I've seen 3 major spikes so far, late 1970's, late 1980's,
late 1990's up to about 2005 so far..(this last one was
very prolonged relatively speaking)...expect a cooling down,
some deflation,...long waits for sales, and then
relative "stability" at prices that are now, considering
the prices in the 70's and 80's, outrageous.

[Getready]

It's all a complex cycle, but there are so many factors,
influx into neighborhoods, unavailability of new houses close
to city centers, traffic, gas prices, booming economies,
interest rates, earthquakes, hurricanes, buyer debt, buyer
fears of being locked out of housing "merry-go-round",
seller fears of having unsalable house, etc...
I've seen 3 major spikes so far, late 1970's, late 1980's,
late 1990's up to about 2005 so far..(this last one was
very prolonged relatively speaking)...expect a cooling down,
some deflation,...long waits for sales, and then
relative "stability" at prices that are now, considering
the prices in the 70's and 80's, outrageous.

[Getready]

It's all a complex cycle, but there are so many factors,
influx into neighborhoods, unavailability of new houses close
to city centers, traffic, gas prices, booming economies,
interest rates, earthquakes, hurricanes, buyer debt, buyer
fears of being locked out of housing "merry-go-round",
seller fears of having unsalable house, etc...
I've seen 3 major spikes so far, late 1970's, late 1980's,
late 1990's up to about 2005 so far..(this last one was
very prolonged relatively speaking)...expect a cooling down,
some deflation,...long waits for sales, and then
relative "stability" at prices that are now, considering
the prices in the 70's and 80's, outrageous.