LA-Renter, most people don’t know what happened in RE unless they are selling, buying, or those investors who are interested in RE. But I happened to ask my RE agent one day about how she feels about the market. She said there is a correction and the house price has really gone down a little, but she denies that there is a bubble. I believe the brokers brainwash the realtors once in a while on how to respond to customers’ questions on RE.