As per the trend going on you can wait a while and these should come down to 500 or low Level. How the money created? when public hammered with Gasoline, comodities and shifted global economic policy especially today Bernanke’s slow upcome with real figures of economy and how that blazes US in the future. One can think about money to spend when they are going to have, but buying home is already wasting money – so how really buyers available. Until this time Government saving a lot to slowly fall these prices and now Govt has no more magic they have to away from this and “let it ride”. When Prices come down your Property tax comes down – could be a bargain in Melorose too. Not a dream but a reality now