[quote=CA renter]
FWIW, many homes in our area are being listed at **above-peak** prices, and many are selling for those amounts. This is a bubble as far as I’m concerned.[/quote]
Above-peak prices, but not above-peak payments. The rates were ~6% in 2007 vs 3.5% today. I paid the bottom price in 2009, but my monthly payment in 2009 was higher than what the today’s bubble price payment would be.
