The link below provides a technical review of the current state of the residential real estate market. Wells Fargo analysts discuss what could happen if we are in another housing bubble and it pops. If you are one of the potential buyers who are worried about buying in the current environment, I would suggest you study this. Hope it helps you make sense of what is going on in today’s real estate markets.
https://wellsfargo.bluematrix.com/links2/html/fdc28892-21f0-4425-8ab2-d502830c2538