Informal Poll: Bubble Breaking?

[mochilero]

Just wondering what others think about the "bubble." Prices have stalled in Vegas now, and here in Tucson too. No real drops yet, but if interest rates go up even two percent, there will be any thousands fewer buyers able to buy. By the way, it looks as though fewer buyers will drive up rents here, so this may be the time to invest in rentals. There is a way to play every market. What do you think?

Steve

http://www.HousesUnderFiftyThousand.com

[loudmouth]

I'm in Peabody Mass. I own a house here and the prices are still holding up. But I do notice more inventory for sale on the market....first sign i guess...

Cambece

[Mortgage Consultant]

there are many markets that can expect a decline because rates are rising and guidelines are tightening up preventing many borrowers from obtaining mortgage so less buyers are the market leaves excess inventory to choose from which means longer listing times for homes it won't be pleasant where people bought numerous investment properties like florida, California, Nevada, New yourk etc

Which means some people can be trapped in their homes until a rebound comes around so hopefully people aren't in a rush to move or relocate because Many markets are in a hot bubble that just cant expand any more

[Timberland Trader]

Wall Street Journal, today's edition 12/22/05...great article on how buyers and sellers in certain cities like Tucson, Phoenix, Miami, etc., are priced out of this market. Even sellers are having difficulties buying up into bigger properties. I don't think it's a complete bubble. National mortgage rates are still averaging about 6.5%, but prices are high! Even decent rentals are hard to come by unless you lock in a good price at purchase. I know...I've been looking for investment for past 2 months.