I don't really know the truth but houses can only really follow wages is my guess and the more people pay the less disposable income people will have to keep the economy ticking over. I don't think the slow down will be to bad maybe a bit of a cooling period. Been looking to buy for about 2 years now and if your really look at real estate it only certain areas and certain price ranges that move so well. Got out bidded two weeks ago on a place only by $10,000 but it wasn't what I believed what it worth. The worst thing about houses is people are just buying junk for top dollar. That where I believe the correction may happen it may not but. I think size quality and location should still hold value. And I don't think many people will be desperate to sell only a few investors that have been buying today excepting the price to keep going in the short term and not looking at what next door is like and been holding for 20 years
