Thanks for stopping by. Here is the fundamental issue we are facing right now. Inventory is as tight as it has ever been. With such low inventories I have to wonder what will happen if we get an influx and how buyers will react with more choices.

The government is doing all kinds of things to make home buying attractive, rates are low, there is the $8,000 credit if you buy this year. We all have to wonder that when the incentives are gone and when there is a larger supply of inventory what might happen.

Affordability is over 50% right now, so that is a good indicator that we probably wont see another giant drop like we just went through, but I have a hard time seeing where prices will run up any time soon.

Do you feel that houses were overvalued before, and on point now, or vice versa?