I used a little hyperbole to get people talking about RE again on this blog. It worked. What is going on out there can be labeled whatever one wants to. Houses priced at or close to recent closed comps are selling quickly with multiple offers. Prices are going up and its hard to even get a decent house. Saying its not a good time to buy is equally emotive. If prices continue going up, folks who waited things out will look back with regret. If they dont go up and rates stay level while inventory improves they will feel redeemed. I’m out in the streets on this one and my guy says the former. Only time will tell but we will get to discuss it all in excruciating detail. Isnt this fun?