What does it look like?

THIS IS A FINANCIAL BUBBLE:

THIS IS NOT: {click on to make larger}



ORANGE COUNTY, CA. WAS SUPPOSED TO BE IN A BUBBLE:
Lansner on Real Estate reports that the median home price increased 3.9% to $641,000 this month over September 2005. Still waiting.........

And, according to NAR data, 31% of investment purchases made between 2002 and 2005 were condos which is helpful to the SFR market because it's so high.

Inman News reports on the latest UCLA forecast. “The housing market will not crash unless the job market weakens significantly, though home prices are expected to stagnate for at least five years during this down cycle, according to the latest Anderson Forecast.” - I HAVE SAID ALL ALONG THAT IT'S ABOUT THE LOCAL JOB MARKET IN A GIVEN REGION AS IT RELATES TO HOUSING, FIRST AND LAST.