as more and more people default on their loans, more houses will be thrown into the auctions, supply goes up demand dies due to the cost of buying a house and price falls.
why buy top doller on a private sale when you can buy cheaper at auction.
hopse prices will be back to realistic prices in about 18 months. Just wait till then and buy your home.
This cycle in the housing market has been going for about 10 years now, its time it ends and cycles back down.. house prices are just unrealistic.
