I don't believe this is a bubble like 2007. Many buyers are highly qualified or paying cash. My best guess is the frenzy will fade, but no crash. Already in my locale everything has been bought up.
The people buying bare land are in for a surprise when they discover builders are 2-3 yrs out. So we may see bare land come back on the market for more reasonable prices.
But as Calvin says, inflation is the wild card.
Inflation and companies going under and people losing their jobs and cant make a 2.5 per cent mortgage payment
