It is a tough call Scarlett made much moreso by the easy credit which will enhance the mortgage verses rent payment. The distortions caused by market maniplulation make it oh so impossible to forecast when a major decline will happen again in housing. Clearly the govt has shown that can and will fight off natural causes in any way they can even if it means zombifying the banks and lenders and plundering the tax rolls. Until the bond market distorts it seems the manipulation can continue. However once the bond markets do distort and mortgage rates jack up, there is nowhere to go for pricing but down. That will finally initiate the needed cleansing. It will be awhile though.
