It is happening: median price is slightly up, although each individual house is worth 5-10% less than last summer.
Yes, many people are talking about it, but check the newest topic Rich has on the main site. We’ve discussed that the word bubble, as used by the masses and the media, is thought by those groups to mean a slight pullback, followed by a small rise or even plateau of prices. The number of people who believe in the true bubble, a letting out of all their air of speculation, is probably less than 1/2% of the population. Look at how few of us are on this board! We are the forerunners in knowing about this housing bubble, and the recession.
Don’t even think that the bubble idea is widespread and accepted. It is not.
