Eventually the housing market will tank, there are two many...

Eventually the housing market will tank, there are two many pressures weighing down on that sector. Trouble is no one can predict when it will happen, and until that time there will still be enough demand to push up prices more, heavens forbid.

If oil doesn't rise any further for a few months, and interest rates are not increased in the near future, then there will be further gains in the housing sector.
The question I ponder is what will be the reserve banks response if indicates suggest further prices increases, since they would not want this to happen so soon. Don't forget there initial rates increases were to stop this market.