Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is slowing in my old neighborhood. I can tell by days on market and homes prices. However, folks are still getting the full peak prices.

Just means less huge bidding wars and sellers willing to do some contingencies. I hardly call that a burst. And we are talking 2-3 weeks to go under contract as opposed to 2-3 days. And doing a mortgage contingency vs no mortgage contingency.  [/quote]

This. I think we're not going to see prices continue to increase, and I think we're not going to see as many bidding wars. Sellers can be a bit more intentional/less immediate and visceral reaction in their movements and approaches (not a bad thing), and sellers will still likely see their houses sell in a fairly expedient way. But not insane. [/quote]

Nope, this is Armageddon.  It's the end of housing as we know it. I predict that by next year, no one will live indoors.  Liquidate now and get into bottle caps, the currency of the future. [/quote]

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